Volvo Cars and Stora Enso join forces to cut CO2 emissions
Efficient district heating reduces Volvo Car Gent emissions from heating by 40 per cent
Volvo Cars and Stora Enso today are starting to operate a hot water pipeline between their manufacturing sites in Ghent, Belgium. Bart Tommelein, the minister of Energy of the Flemish Government, opened the valves together with Eric Van Landeghem and Chris De Hollander, managing directors of Volvo Car Gent and Stora Enso Langerbrugge respectively.
The district heating solution, developed over the last two years, will enable an optimised exchange of energy streams between two of the largest Nordic companies operating in Belgium. As a result, Volvo Cars will substantially reduce its use of fossil fuels for heating purposes, cutting CO2 emissions and energy costs. The use of district heating will save 15,000 tonnes CO2 per year (which is roughly equivalent to the absorption capacity of 75,000 trees), a net decrease of more than 40 per cent of CO2 emissions from heating in its Ghent plant. This is an important step towards Volvo Cars realising its target of having climate neutral operations by 2025, and underlines its support for global efforts to tackle climate change.
Volvo Car Gent
Volvo’s plant in Ghent is one of the two main production centres of the Volvo Car Group in Europe. It assembles the best-selling XC60 crossover, along with the V40 and V40 Cross Country hatchbacks and the S60 sedan. In 2017 Volvo Car Gent will start the production of a completely new model, based on the new Compact Modular Architecture.
Volvo Car Group in 2015
For the 2015 financial year, Volvo Car Group recorded an operating profit of 6,620 MSEK (2,128 MSEK in 2014). Revenue over the period amounted to 164,043 MSEK (137,590 MSEK). For the full year 2015, global sales reached a record 503,127 cars, an increase of 8 per cent versus 2014. The record sales and operating profit cleared the way for Volvo Car Group to continue investing in its global transformation plan.
About Volvo Car Group
Volvo has been in operation since 1927. Today, Volvo Cars is one of the most well-known and respected car brands in the world with sales of 503,127 in 2015 in about 100 countries. Volvo Cars has been under the ownership of the Zhejiang Geely Holding (Geely Holding) of China since 2010. It formed part of the Swedish Volvo Group until 1999, when the company was bought by Ford Motor Company of the US. In 2010, Volvo Cars was acquired by Geely Holding.
As of December 2015, Volvo Cars had almost 29,000 employees worldwide. Volvo Cars head office, product development, marketing and administration functions are mainly located in Gothenburg, Sweden. Volvo Cars head office for China is located in Shanghai. The company’s main car production plants are located in Gothenburg (Sweden), Ghent (Belgium), Chengdu and Daqing (China), while engines are manufactured in Skövde (Sweden) and Zhangjiakou (China) and body components in Olofström (Sweden).