Page 16 - MMI _ MayJune2021 (single-pages)

INSIGHT

DOING THE RIGHT THING

Seco Tools has been making a strong contribution to the circular economy and

has set an ambitious target that will hugely favor the environment along with

the company’s business.

W ith its origins in Fager-
sta, Sweden, and pres-
ent in more than
75 countries, Seco Tools is a lead-
ing global solution provider of
metal cutting solutions for index-
able milling, solid milling, turn-
ing, holemaking, threading and
tooling systems. The company is
uniquely placed to make a strong
contribution to the circular econ-
omy, which prioritizes separating
economic activity from the
consumption of finite resources
and designing ways to remove
waste from the system of eco-
nomic activity.
Though it is by no means the
only aspect, recycling plays
a vital role in the circular
economy by asking to look at
how we use the earth’s scarce
and finite resources, and what
can be done to ensure that we
extract maximum value and us-
age from them.

Thinking outside the Source: Seco Tools GmbH
trash box
Source: Seco Tools GmbH Recycling will play a key role in Recycling Seco Tools productive lives and recycling
reaching Seco Tools’ ambitious or repurposing them into new
goal of being 90 percent circular Globally, only 8.6 percent of the tools. “If we increase that kind
by the year 2030, with a num- resources we use are recycled, of trade where we buy back
ber of broad changes to process- which means that over 90 per- old and get customers to under-
es and business models leading cent of everything is used once stand the advantages of it, we
the way. “It’s a challenging tar- and then disposed of. Due to the can reduce the climate impact as
get, but we see this as very im- nature of the business of Seco we won’t need to use new mate-
portant for our company and Tools, the company is in a strong rials and metals. It’s a win-win
our business,” says Ted Forslund, position to change that para- in many ways,” says Forslund.
Sustainability & Audit Coordi- digm by buying back tools that
nator, Seco Tools. “We already have reached the end of their
have very good recycling pro-
cesses, so now it’s about creating
a good partnership with our cli-
ents so that they understand the
value of us buying back tools, so
that it becomes a closed circle
where nothing goes to waste.”

16 | May-June 2021 Modern Manufacturing India