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SEMCON AB (PUBL)

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Delayed Nasdaq Stockholm  -  11:24 2022-08-08 am EDT
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Semcon strategic automation partner for Boliden's zinc production expansion

07/04/2022 | 04:01am EDT

Semcon is assisting Boliden with the expansion of its zinc smelter in Odda, Norway. This expansion is aiming to increase the zinc production by 75 per cent while maintaining a minimal environmental footprint. Semcon is providing its expertise in process efficiency and transport automation for the project.

Boliden will be able to streamline its materials handling with automated transports inside the zinc smelter, resulting in greater efficiency. This is an important step in efforts to increase production while reducing the company's environmental footprint. Semcon has extensive experience of working with autonomous vehicles in various industries, such as road construction and airports. 

"We are working as an independent advisor for this groundbreaking project. We are contributing all our collective experience and expertise in the field and supporting Boliden in its construction of sustainable autonomous operations and logistic chains," says Baard Røsvik, Business Development Manager at Semcon.

The first step has been to identify the necessary system requirements and the safety implications of switching to autonomous transport in a mixed traffic environment. Going forward, Semcon will be assisting with safe integration of the new solution at the upgraded Boliden plant in Odda. 

Boliden and Semcon began their partnership in 2021, and this latest phase of the project involving a team of multidisciplinary Semcon experts will be continuing until 2025. 

A sustainable process industry
Boliden's zinc smelter in Odda dates back a century. Sørfjorden, adjacent to the smelter, used to be one of the world's most heavily polluted marine environments, but it has now been returned to almost pre-industrial conditions thanks to the company's long-term commitment to environmental protection.

Boliden is a Swedish mining and metals company specialising in exploration, mining, smelting and metal recycling. The company operates in Sweden, Norway, Finland and Ireland. Zinc is one of the most widely consumed metals in the world and is important for sustainable development in the automotive and infrastructure sectors, for example. Read more about Boliden.

For more information, please contact:
Per Nilsson, head of communications and marketing, Semcon
Tel.: +46 (0)739 737 200 Email: per.nilsson@semcon.com

Baard Røsvik, Business Development Manager, Semcon Norway
Phone: +47 91147814 Email: baard.rosvik@semcon.com 

Semcon is an international technology company. We turn technology into excellent user experiences by combining digital edge and engineering expertise. With diverse multi-disciplinary teams we add new perspectives creating sustainable and competitive businesses. Regardless if you aim to recharge a current product or service, reinvent new technology or reimagine future needs, our focus is always on human needs and behaviour in order to develop solutions with the clearest benefits to people and our planet. By combining our 40 years of advanced engineering, strategic innovation, digital services and product information solutions, we drive transformation in a wide range of industries with more than 2,000 dedicated employees based in seven different countries. Read more on semcon.com

https://news.cision.com/semcon/r/semcon-strategic-automation-partner-for-boliden-s-zinc-production-expansion,c3588964

https://mb.cision.com/Main/1934/3588964/1600600.pdf

https://news.cision.com/semcon/i/boliden-odda-zinc-production,c3067350

https://news.cision.com/semcon/i/baard-rosvik-semcon,c3067352

(c) 2022 Cision. All rights reserved., source Press Releases - English

Stocks mentioned in the article
ChangeLast1st jan.
SEMCON AB (PUBL) 0.00% 112.4 Delayed Quote.-11.36%
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Sales 2021 1 711 M 167 M 167 M
Net income 2021 129 M 12,6 M 12,6 M
Net cash 2021 52,0 M 5,08 M 5,08 M
P/E ratio 2021 15,5x
Yield 2021 6,23%
Capitalization 1 981 M 194 M 194 M
EV / Sales 2021 1,13x
EV / Sales 2022 0,95x
Nbr of Employees 2 112
Free-Float 91,9%
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Markus Granlund President & Chief Executive Officer
Björn Strömberg Chief Financial Officer
Eva Maria Cecilia S. Elmstedt Chairman
Klas Elmby Chief Information Officer
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