Swedish steelmaker Ovako and Tibnor, supplier of steel, metals and production services, have announced a strategic partnership to promote low-carbon footprint solutions in steel production and products.
The agreement, outlined in a term sheet, sets key objectives including:
- Commitment to world-leading low carbon footprint products across all deliveries.
- Reserved capacity by Ovako to supply low carbon footprint products as per Tibnor´s demand.
- Integration of CO2 parameters in relevant specifications.
- Joint market activities to promote low carbon footprint solutions, especially in the Nordic market.
''This collaboration underscores our commitment to sustainability and further develop our world leading carbon efficient steel.''
Marcus Hedblom, president and CEO at Ovako
Marcus Hedblom, president and CEO at Ovako, commented, "This collaboration underscores our commitment to sustainability and further develop our world leading carbon efficient steel. I believe by collaborating closely with partners to pursue common goals, we can accomplish significantly more.”
"Our partnership with Ovako reflects our dedication to reducing carbon footprint across our supply chain.''
Fredrik Haglund, president at Tibnor
Fredrik Haglund, president at Tibnor added, "Our partnership with Ovako reflects our dedication to reducing carbon footprint across our supply chain. Together with our partners we work continuously for a better tomorrow and to be the natural choice for steel and metals.”