Autoliv introduces airbags made with 100% recycled polyester
Autoliv (NYSE: ALV), a global leader in automotive safety solutions, has introduced airbag cushions made from 100% recycled polyester. The new material reduces greenhouse gas emissions by about 50% at the polymer level.
This initiative aligns with Autoliv's goal to achieve net-zero emissions across its supply chain by 2040. The company has collaborated with key supply chain partners to develop and test the recycled polyester, ensuring it meets safety standards. The technology is now available for global customers, marking a significant step toward sustainability.
Chief Technology Officer Jordi Lombarte emphasized Autoliv's commitment to climate action and circularity.
- Introduced airbag cushions made from 100% recycled polyester.
- Reduces greenhouse gas emissions by approximately 50% at the polymer level.
- Aligns with the goal of net-zero GHG emissions across the supply chain by 2040.
- Developed in collaboration with key supply chain partners.
- New material meets safety standards.
- Technology is now available for global customers.
- Supports climate action and circularity.
- Potential risks in transitioning to new materials could affect production timelines.
- Cost implications of developing and implementing new materials not disclosed.
- Market acceptance and adoption rate of the new product are uncertain.
- Unspecified impact on overall revenue and profit margins.
Insights
Autoliv's introduction of airbags made from 100% recycled polyester is a significant milestone in the realm of sustainability. This move aligns well with the global push towards carbon neutrality and reducing greenhouse gas (GHG) emissions. By reducing GHG emissions by approximately
From a financial perspective, Autoliv's development of airbags using 100% recycled polyester could have several implications. Firstly, this innovation might lead to cost savings in the long term due to potentially lower material costs, though this depends on the pricing dynamics of recycled versus virgin polyester. Secondly, positioning themselves as a leader in sustainable automotive safety solutions could enhance their market share and attract more business from automakers looking to improve their own sustainability profiles. In the short term, however, there may be increased R&D expenses associated with developing and implementing the new technology. Investors should monitor how these expenses impact the overall financial health of the company. If successfully adopted at scale, this innovation may also lead to revenue growth and improved profit margins as demand for environmentally friendly products rises.
In collaboration with key supply chain partners, Autoliv has developed yarns, fabrics, and cushions made from
Using this new recycled material is a crucial step toward Autoliv's commitment to reduce emissions across its product range and will contribute to Autoliv's ambition to achieve net-zero GHG emissions across the supply chain by 2040.
Autoliv's Chief Technology Officer, Jordi Lombarte, states, "We are walking the talk on our climate ambitions at Autoliv, by bringing the first technology to create airbags using
Autoliv continuously develops processes and products in a resource-efficient manner while minimizing environmental impact. The airbag cushion made with
"We are leading the way in developing airbags made from recycled polyester on current airbags. This milestone reflects our commitment to climate action and circularity, and our journey toward a more sustainable future," continues Jordi Lombarte.
Inquiries:
Media: media@autoliv.com, Gabriella Etemad, Tel +46 (70) 612 64 24
Investors & Analysts: ir@autoliv.com, Anders Trapp, Tel +46 (0)8 587 206 71
Investors & Analysts: Henrik Kaar, Tel +46 (0)8 587 206 14
About Autoliv
Autoliv, Inc. (NYSE: ALV) (NASDAQ Stockholm: ALIV.sdb) is the worldwide leader in automotive safety systems. Through our group companies, we develop, manufacture and market protective systems, such as airbags, seatbelts, and steering wheels for all major automotive manufacturers in the world as well as mobility safety solutions, such as pedestrian protection, connected safety services and safety solutions for riders of powered two wheelers. At Autoliv, we challenge and re-define the standards of mobility safety to sustainably deliver leading solutions. In 2023, our products saved 35,000 lives and reduced more than 450,000 injuries.
Our 70,000 associates in 25 countries are passionate about our vision of Saving More Lives and quality is at the heart of everything we do. We drive innovation, research, and development at our 14 technical centers, with their 20 test tracks. Sales in 2023 amounted to US
Safe Harbor Statement
This report contains statements that are not historical facts but rather forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include those that address activities, events or developments that Autoliv, Inc. or its management believes or anticipates may occur in the future. All forward-looking statements are based upon our current expectations, various assumptions and data available from third parties. Our expectations and assumptions are expressed in good faith and we believe there is a reasonable basis for them. However, there can be no assurance that such forward-looking statements will materialize or prove to be correct as forward-looking statements are inherently subject to known and unknown risks, uncertainties and other factors which may cause actual future results, performance or achievements to differ materially from the future results, performance or achievements expressed in or implied by such forward-looking statements. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those set out in the forward-looking statements, including general economic conditions and fluctuations in the global automotive market. For any forward-looking statements contained in this or any other document, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and we assume no obligation to update publicly or revise any such statements in light of new information or future events, except as required by law.
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
Press release_Autoliv introduces airbags made with |
View original content:https://www.prnewswire.com/news-releases/autoliv-introduces-airbags-made-with-100-recycled-polyester-302175150.html
SOURCE Autoliv
FAQ
What is Autoliv's latest innovation in airbag technology?
How much does the new recycled polyester airbag cushion reduce greenhouse gas emissions?
What is Autoliv's goal for net-zero emissions?
Is the new recycled polyester airbag cushion available globally?
What safety standards does the recycled polyester airbag meet?
