Month: July 2025

GÄVLE, Sweden, July 2, 2025 /PRNewswire/ — During the spring, several customer projects within the transportation segment made progress, and Svenska Aerogel participated in key industry events focused on electric vehicle (EV) batteries. The company also secured two major orders – one in the Building and Construction segment and one in the Advanced. CEO Tor Einar Norbakk provides an update on these orders and the latest developments in selected customer projects.

Expanding presence in the EV battery safety market

Svenska Aerogel continues to strengthen its position in the EV battery segment by actively engaging in industry events and advancing several customer partnerships. Current development projects include the use of Quartzene^® as a thermal barrier in the latest generation of battery technologies — an area driven by stringent safety requirements and rapid innovation.

“We have seen increased interest from battery component manufacturers working with the technology,” says Tor Einar Norbakk, CEO of Svenska Aerogel. “The ability of Quartzene^® to act as an effective thermal barrier is gaining recognition, and we’re excited to see our material being evaluated in more and more EV battery solutions.”

Progress with customers within the Building & Construction segment

A leading Italian paint producer has chosen Quartzene^® for a new thermal insulation coating system tailored to Italy’s traditional stone buildings, enhancing energy efficiency, indoor comfort, and structural longevity. Developed in collaboration with Svenska Aerogels distributor Krahn Italy, the solution is already gaining traction and additional clients of Krahn Italy are now testing similar applications.

“We’re pleased to see continued interest in Quartzene^® for energy-efficient renovation,” says Tor Einar Norbakk. “Several projects are progressing well, and it’s encouraging to see the material being evaluated for broader use in historic building applications.”

Tor Einar also provides an update on the order from the company’s French distributor Novcoat. “This order confirms the growing demand for Quartzene^® from both new and existing Novcoat customers, including established cool roof manufacturers. Several of these new customers are now in the final stages of their development projects, with products undergoing final validation. It is a very exciting development that we are following with great interest.”

Dekro Paints (Pty) Ltd, one of the leading manufacturers and distributors of paints and coatings in South Africa, has developed a new intumescent paint system enhanced with Quartzene^®. The customer has now completed the first part of the certification test with positive results, the second and final test is currently underway.

Developments in the Advanced segment: New major order

The major order from a North American manufacturer of thermal insulation solutions for outdoor products was initially for 2 tons. During the process the customer increased the order to 2.6 tons – which is their first major order of Quartzene^®. Tor Einar Norbakk, CEO of Svenska Aerogel, comments the development in the project:

“The customer is actively optimizing the entire supply chain — from packaging solutions to container utilization and delivery coordination across their production facilities. We are optimistic that this will lead to further major orders going forward. We see this as a step forward in our joint efforts to establish a scalable and long-term solution.”

Would you like to learn more about current developments at Svenska Aerogel? In the latest episode of Börsvärlden’s podcast, “Bra snack,” CEO Tor Einar Norbakk discusses recent progress and ongoing initiatives within the company. For further information, please visit aerogel.se 

(Please note – the interview is conducted in Swedish)

For further information, please contact: 
Tor Einar Norbakk, CEO. Telephone: +46 (0)70 616 08 67. E-mail: toreinar.norbakk@aerogel.se 

About Svenska Aerogel Holding AB (publ)

Svenska Aerogel manufactures and commercializes the mesoporous material Quartzene^®. Svenska Aerogel’s business concept is to meet the market’s need for new materials that are in line with global sustainability objectives. Quartzene^® is flexible and can be tailored to different applications to add essential properties to an end product. The company’s vision is to be the most valued business partner providing pioneering material solutions for a sustainable world.

Svenska Aerogel Holding AB is listed on Nasdaq First North Growth Market. Certified Adviser is FNCA.

Gävle, July 2, 2025

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SOURCE Svenska Aerogel Holding AB

BEIJING, July 1, 2025 /PRNewswire/ — A news report from Beijing Review: The National Convention and Exhibition Center in Tianjin, which hosted the 2025 Summer Davos forum on June 24-26, is powered by rooftop solar panels. According to the State Grid Corp. of China, this edition of the forum achieved a 100-percent green power supply for its venues, utilizing a total of 800,000 kilowatt-hours of renewable electricity, equivalent to saving about 300 tons of standard coal and cutting approximately 600 tons of carbon emissions.

The venue also utilizes sponge city technologies that integrate natural processes and distributed storage to manage storm water. Additionally, hundreds of new-energy vehicles facilitated green transportation for forum participants.

These achievements embody China’s advancement in one of the key areas spotlighted by the global gathering—new energy and materials.

The 2025 Summer Davos, officially known as the 16th Annual Meeting of the New Champions of the World Economic Forum (WEF), was themed Entrepreneurship for a New Era. Around 1,800 participants from over 90 countries and regions explored how entrepreneurship and emerging technologies can boost global economic growth amid challenges.

According to the WEF, the world is undergoing a fundamental economic transformation as geopolitics, technology, sustainability and demographic changes reshape traditional growth engines. Complex and shared challenges in development and climate change require urgent cooperation, innovative thinking and an entrepreneurial spirit.

Unlike the annual WEF meeting held in Davos, Switzerland, every January, the Summer Davos, established in 2007 through a collaboration between the WEF and China, places greater emphasis on the future of business and technological advancement. What began as an initiative to spotlight emerging economies and future-oriented businesses has grown into a global platform for economic dialogue.

Tong Jiadong, a professor of international trade at the School of Economics, Nankai University in Tianjin, who serves as the long-term Chinese agenda research leader for the Tianjin Summer Davos, said the forum has turned into an event facilitating international exchange and cooperation, forecasting global economic growth trends and identifying key opportunities for expansion in the global economy.

In his speech at the opening plenary of the 2025 Summer Davos on June 25, Chinese Premier Li Qiang said China is developing itself into a super-sized consumption powerhouse on the solid foundation of a manufacturing powerhouse, and it will continue to deepen its integration into and connectivity with the global market.

China is “probably the most remarkable story of transformation” in recent decades, according to former British Prime Minister Tony Blair at a session of the forum. He urged countries to seek understanding and remain engaged with China, rather than isolate it.

In 2024, China’s GDP grew 5 percent year on year to more than 134 trillion yuan ($18.82 trillion), contributing about 30 percent to global economic growth, with the country targeting a growth rate of around 5 percent in 2025.

As a major trading partner for over 150 countries and regions, China saw its total goods imports and exports increase by 2.5 percent year on year in the first five months of 2025. The country also saw a surge in global visitors boosted by visa-free entry and transit policies.

A recent World Bank report indicated that China’s economy maintained robust growth momentum in early 2025, supported by proactive monetary and fiscal policies to counter global trade uncertainties. U.S. financial institutions JPMorgan Chase and Goldman Sachs have also revised their growth forecasts of China’s economic growth upward.

Innovation has been a key driver of China’s economic growth. Ranking second globally, China’s research and development expenditure increased by 8.3 percent year on year in 2024. The country has seen booming innovations and applications of AI and robotics.

China has rolled out a series of measures to attract foreign investment and improve the business environment. In 2024, 59,000 new foreign-invested enterprises were established in China, up 9.9 percent year on year. The country attracted an annual overseas investment of over 1 trillion yuan ($139 billion) for three consecutive years from 2021 to 2023.

According to the WEF, the global growth outlook has reached its lowest point in decades. Boosting global cooperation requires greater commitment and creativity than ever before.

The international economic and trade landscape is undergoing a profound change. The global community needs to safeguard free trade and multilateralism, and promote the stable development of the world economy, Li said.

China’s economy, with steady growth, will provide strong support for the recovery of the world economy. It will keep improving the business environment for global businesses to survive and thrive in the Chinese market, he added.

 

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SOURCE Beijing Review