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Integrated Annual Report 2023

We are pleased to share our annual report for 2023. This report details our financial value creation, and highlights our commitments to environmental sustainability and social responsibility.We made significant strides toward our ambitious goal of accelerating the transition to a circular economy across the Nordics. This is made possible by strengthening our customers and partners through circular solutions and environmental services, offering tailored strategies that drive both sustainability and economic growth.

NG Group and INSEAD: Partnership for Forward-Looking Research

NG Group has entered a partnership with INSEAD’s Sustainable Business Initiative, strengthening our commitment to research and sustainable business practices.

-We are happy to announce our collaboration with INSEAD, an important partnership in our journey towards fostering innovative research and development, states Bjørn Arve Ofstad, Group CEO at NG Group. 

As one of the world's leading business schools, INSEAD offers a world-class research environment and expertise, creating a win-win collaboration for both parties.

- Our Sustainable Business Initiative engages with forward-looking industrial partners to create collective knowledge on challenges related to the transition to sustainable business. NG Group is such a partner, and we look forward to a successful collaboration, tells Professor Luk Van Wassenhove at INSEAD. 

With nearly a century of industrial experience, NG Group has established research and collaboration as important cornerstones of its success.

-This partnership enables us to push the boundaries of knowledge in ways that can lead to transformative industry solutions. At NG Group, we believe in the power of collaborative research to address complex challenges, Ofstad adds.

Case Study: Recycling Insulin Pens

The partnership has swiftly yielded results; earlier this year, INSEAD unveiled the case study Easier Together: Zirq Solutions’ Ecosystem Approach to Recycling Insulin Pens. The study showcases how Zirq Solutions, a part of NG Group, has developed the world`s only industrial process capable of reclaiming materials from used medical pens, transforming them into new products like high-end designer chairs. 

NG Group Welcomes New Chief DNA and Technology Officers to Executive Committee

NG Group is pleased to announce that our Executive Committee is being strengthened with two new key positions: Mette Hopsdal as our new Group Chief DNA Officer, and Mette Egli as our new Group Chief Technology Officer. Both will report directly to Group CEO Bjørn Arve Ofstad in their new roles.

NG Metall Welcomes Roy Hammer as New CEO

Claes Merborn has decided to step down from his position as CEO of NG Metall, a part of the NG Group. Roy Hammer has been appointed as his successor. NG Metall is recognized as a leading player in circular solutions for iron and metals, with advanced facilities in both Norway and Sweden where several hundred thousand tons are recycled annually.

Physical precense to secure the value chain.

We took the trip to India, Thailand and Hong Kong. To secure the value chain and upholding of ethical standards.
To truly understand where our products end up and assess the conditions in these facilities, we take a hands-on approach by physically verifying, going beyond mere preliminary investigations and contractual agreements.

First electrical crane

NG Metall has purchased the fully electric feeding crane, primarily for enviromental reasons. Electric machines have lower greenhouse gas emissions than diesel-powered machines. Addidionally, there are fewer maintenance points than on a diesel engine.

Announcement from Summa

Summa announces the closing of Summa Circular with an investment in NG, a company originally acquired by Summa Fund I in 2018. Ownership of NG is thus transferred from Summa Fund I to Summa Circular. The ~EUR 550m transaction will allow Summa and the NG management team to continue executing their value creation plan by capturing the expanding market opportunity stemming from the shift towards a circular economy.

A tremendous effort by Øst Riv

The first milestone at Randklev Bridge has been reached.