Statement from PTL

2023-06-19

In response to media reports on PTL's activities in the Xinjang region, the company has issued a statement describing the purpose of the subsidiary and that it will be sold.

We have commissioned legal experts to review the information in the statement and they have found it to be reliable. Read the statement via the link here.

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Municipalities remain committed to contributing to the green transition and job creation

Yesterday it was announced that the company PTL, which wants to establish an anode factory in Torsboda, has not received permission for its investment from the Swedish Inspectorate for Strategic Products, ISP. Today, Timrå, Sundsvall and Härnösand municipalities held a joint press conference together with Torsboda Industrial Park.

Message to us today - ISP has taken a decision

PTL has today informed us that the Swedish Inspectorate for Strategic Products, ISP, does not approve PTL's investment in Torsboda as the company is not considered to meet the conditions set by the authority for a yes. We are reviewing the situation and continue to work on our mission.

No final decision from ISP to PTL yet

The Swedish Inspectorate for Strategic Products, ISP, which is working on the licensing of our first incumbent's planned investment in Torsboda, has now given PTL conditions they must meet in order to obtain a license. PTL has taken note of the conditions and will now in turn respond to the authority.

Our first incumbent PTL invites you to meetings

PTL invites public and entrepreneurs to meetings

Two good places for potential entrepreneurs to consider

Together with the municipalities of Sundsvall and Timrå, Torsboda Industrial Park has presented two land areas as possible for Kaunas Metal's establishment of their first steelworks outside Lithuania. The areas now competing with Umeå are located next to the Delta terminal in Söråker and by the E14 in Töva.