VELUX Group signs long-term agreement with ArcelorMittal to supply low carbon-emission steel
15 Oktober 2024 - 2:00PM
UK Regulatory
VELUX Group signs long-term agreement with ArcelorMittal to supply
low carbon-emission steel
The VELUX Group has entered a 10-year agreement with
ArcelorMittal concerning the supply of recycled and renewably
produced steel.
In 2023, the two companies agreed to enter a partnership to
lower the carbon footprint of the steels used in VELUX roof windows
by up to 70 percent, compared with conventionally produced steel.
This co-operation involved the testing and validation of
ArcelorMittal’s XCarb® recycled and renewably produced steel and
its performance in VELUX roof window hinges and installation
brackets.
Successful results have now culminated in the signing of this
10-year commercial agreement which outlines a framework for steel
supply. VELUX is now gradually increasing order intake so that by
2025, XCarb® will be used in several steel components for VELUX
roof windows, replacing the conventionally produced steel that was
previously used.
“Steel is an important material to ensure the strength and
durability of our products and traditionally it’s a significant
contributor to our carbon emissions,” says Jesús Villalba, Senior
Director, Direct Procurement at VELUX Group. “We are pleased to be
reducing its impact through this agreement, which proves that
through co-engineering and collaboration with our suppliers, we can
reduce our value chain emissions.”
Metals (excluding aluminium), of which steel constitutes the
main part, accounts for 5.7 percent of the VELUX Group’s total
scope 3 emissions.
XCarb® is manufactured with a minimum of 75% recycled steel and
by using 100% renewable electricity. An electric arc furnace
powered by renewable energy sources is used to manufacture XCarb®
at an ArcelorMittal production facility in Northern Spain.
Investigations are underway to work on further reductions of the
carbon footprint of the steel delivered by ArcelorMittal to
VELUX.
“The long-term agreement between our companies
sends a powerful message about the importance of steel in the
decarbonisation of the everyday materials that we all use. I would
like to thank VELUX for their partnership on this project, and for
their leadership in committing to use low carbon-emissions steel
for their products” said Laurent Plasman, CMO Industry,
ArcelorMittal Europe – Flat Products.
Steel is one of several key materials VELUX Group is
investigating together with its suppliers to help achieve
reductions in its product and overall carbon footprint. The VELUX
target is to reduce its scope 3 upstream emissions by 50% by
2030.
About the VELUX Group
VELUX roof windows have been bringing daylight and fresh air into
peoples’ homes around the world for more than 80 years, creating
better living environments. We offer a range of products including
roof windows and modular skylights, decorative blinds, sun
screening products, and roller shutters, as well as installation
and smart home solutions. They help create bright, healthy, and
energy-efficient places for people who live, work, learn, and play
under the roof. We work globally – with sales and manufacturing
operations in 37 countries and around 11,900 employees worldwide.
The VELUX Group is owned by VKR Holding A/S, a limited company
owned by the Villum Foundation and Kann Rasmussen family members.
In 2023, the VELUX Group had a total revenue of EUR 2.91 billion
while VKR Holding had a total revenue of EUR 3.97 billion. The same
year, the Villum Foundation and the VELUX FOUNDATION donated a
total of EUR 184.6 million in charitable grants.
For more information about the VELUX Group, visit
velux.com
About ArcelorMittal
ArcelorMittal is one of the world’s leading integrated steel and
mining companies with a presence in 60 countries and primary
steelmaking operations in 15 countries. It is the largest steel
producer in Europe, among the largest in the Americas, and has a
growing presence in Asia through its joint venture AM/NS India.
ArcelorMittal sells its products to a diverse range of customers
including the automotive, engineering, construction and machinery
industries, and in 2023 generated revenues of $68.3 billion,
produced 58.1 million metric tonnes of crude steel and, 42.0
million tonnes of iron ore. Our purpose is to produce smarter
steels for people and planet. Steels made using innovative
processes which use less energy, emit significantly less carbon and
reduce costs. Steels that are cleaner, stronger and reusable.
Steels for the renewable energy infrastructure that will support
societies as they transform through this century. With steel at our
core, our inventive people and an entrepreneurial culture at heart,
we will support the world in making that change. ArcelorMittal is
listed on the stock exchanges of New York (MT), Amsterdam (MT),
Paris (MT), Luxembourg (MT) and on the Spanish stock exchanges of
Barcelona, Bilbao, Madrid and Valencia (MTS).
Contact:
Yvette Roper
Senior Global Media Relations Manager, the VELUX Group
yvette.roper@velux.com
+45 30 47 59 42
Sophie Evans
Head of communications, ArcelorMittal Europe
ArcelorMittal
Sophie.Evans@arcelormittal.com
+44 7825 595 849
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