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News Release from: SSAB Tunnplat | Subject: Swedish Steel Prize 2002
Edited by the Manufacturingtalk Editorial
Team on 31 December 2002
Korean company wins Swedish Steel Prize
2002
Jindo Corporation of Korea was on November 21 named as the winner of the 2002 Swedish Steel Prize for its 53-foot container in extra high strength steel.
Jindo Corporation of Korea was on November 21 named as the winner of the 2002 Swedish Steel Prize for its 53-foot container in extra high strength steel Jindo's designers have come up with a steel container which weighs around the same as an aluminium one, but at a forty per cent lower production cost
This article was originally published on Manufacturingtalk on 26 Feb 2002 at 8.00am (UK)
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The result will be more profitable road and rail freight transport, particularly in North America, where the 53-foot category is widely used.
Jindo has received SEK 100,000 for the innovative design, along with the Swedish Steel Prize statuette.
The Prize was presented by Mikael Ljungberg, gold medallist in wrestling at the Sydney 2000 Olympics.
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The Swedish Steel Prize, instituted by SSAB Tunnplat, is an international engineering design accolade awarded annually.
The Swedish Steel Prize contest is open to any company, anywhere in the world, which utilises high strength steel in its designs or products.
The fundamental requirement is that high strength steel is used, but it is of no importance which company has manufactured or delivered the steel.
"The aim of the award is to inspire innovative thinking in design and material use," explains Curt Johansson, managing director of SSAB Tunnplat.
"Jindo Corporation, this year's prizewinner, has shown that the latest high-strength steels can give products that are even more competitive, and which are profitable in a number of ways.
Everything from an improved production economy for the manufacturer, to more cost-efficient operations for users, and benefits for society in the form of a decreased environmental impact.
The high strength steel container is fully recyclable and can carry heavier loads than its conventional counterparts." The Jury's remarks were as follows: "Jindo has developed a very competitive container for domestic road and rail freight transport in North America.
In this market segment, which has stringent requirements for low weight and a high degree of safety - as well as exacting cost-efficiency demands - aluminium or conventional steel has so far been the material of choice.
Jindo has developed a container for which high strength corrosion resistant steel has been used.
The resultant weight is therefore significantly lower than that of a container in conventional steel, and is approximately the same weight as an aluminium one.
Another advantage is that the cost is considerably lower.
Jindo's containers in extra high strength steel, moreover, have a significantly lower maintenance cost than the alternative designs." "It's a great honour to be awarded the Swedish Steel Prize," says Seon G Choi, marketing director at the container division of Jindo Corporation.
"The result of our work is proof of the range of opportunities which high strength steels opens up.
Thinner, lighter construction becomes possible, as does the manufacture of resilient, durable products which are cheaper to make compared to aluminium." In addition, at the prizegiving ceremony held in Gothenburg, Sweden, three runners-up each received SEK 10,000.
They are: * Finnveden AB and Volvo Car Corporation, both from Sweden, who jointly developed a frame in extra and high strength steel for the rear seat of the Volvo XC90.
* Searcher and Langedrag Marin AB, also of Sweden, for the research vessel Searcher, which has a hull made entirely of extra high strength steel.
* Schukra Manufacturing, Canada, who have designed a new back support in ultra high strength steel for airline and car seats, office chairs, and other kinds of seats.
"The Swedish Steel Prize contributes to greater knowledge of the latest high strength steels in industry and the opportunities they offer for improvements and increased profitability," says Johansson.
"The use of high strength steels is constantly increasing, and their merits are reflected throughout the life cycle of products.".
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