Belaz wins the 2014 Swedish Steel Prize

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winner_2014-swedish-steel-prizeBelaz is the winner of the 2014 Swedish Steel Prize. During the Gala Dinner, the 2014 Swedish Steel Prize was awarded for Belaz’s innovative and new construction for axle suspension and slewing bearings for the world’s largest dump truck. The new construction takes full advantage of the properties of high-strength steel.

“It’s a total pleasure and satisfaction to win – a once in a lifetime feeling,” said Alexander Egorov from Belaz, directly after receiving the 2014 Swedish Steel Prize. “We have managed to create a very meaningful project and winning is confirmation of the product’s success and our choice of a reliable partner”.

Swedish Steel Prize’s finalists has developed new, innovative solutions, high quality and increased competitiveness. Using high-strength steel, the global mining dump truck manufacturer Belaz has created a dump truck with a payload of an incredible 450 tons. This is a 20 percent higher payload capacity than conventional trucks, thereby minimizing fuel consumption per load.

“Belaz has boldly gone beyond the boundaries of what has earlier been considered possible using available technology,” said Martin Lindqvist, CEO SSAB.ssp14_statyette

The Swedish Steel Prize Jury’s motivation was: The winner of the 2014 Swedish Steel Prize has demonstrated great courage and high level of innovation. By using Advanced High Strength Steel combined with a unique design, they have developed a product with world-class performance. Considerable benefits regarding productivity, usability and environment have led the jury to award the 2014 Swedish Steel Prize to Belaz!

Earlier in the day, during the Inspiration Seminars, the University Challenge winner Manuel Genzor, a civil engineer from Spain, was presented with a prize for the development of a chassis for a farm trailer made from high strength steel, which is both lighter and safer.

Another award presented during the Gala Dinner was the first ever People’s Choice Award. The Swedish Steel Prize finalist Vale won based on votes from the general public who chose their favorite nominee in the days leading up to the event.’