News and Press Releases

The Ovako Summer Photo Challenge gathered around 230 entries worldwide, showcasing strong employee engagement and creativity.

Ovako is bringing together Group IT, Group Purchasing and Production Technology into one joint function to strengthen efficiency – led by Ludovic Gailleton.

Ovako has released its Sustainability Report for the Financial Year 2024, highlighting a year of significant progress in its mission to lead the steel industry’s transformation toward a more sustainable future. The report underscores Ovako’s dedication to enhancing workplace safety, reducing carbon emissions, and improving innovation through strong partnerships.

Ovako is pleased to announce the appointment of Larisa Gyllenrapp as Executive Vice President Global Sales for Ovako Group . Larisa will join the Executive Management Team and lead Ovako’s international sales organization with a focus on driving growth, strengthening customer value, and strengthening commercial execution across key markets.

Ovako Imatra Oy Ab and the City of Imatra are joining forces to establish a cherry tree park in Imatra. The project is part of Ovako Imatra’s 110th anniversary celebrations, and the company is donating 11 ornamental cherry trees—one for each decade of its history. The trees will be planted in Kanavapuisto Park, located on the banks of the Vuoksi River opposite Fortum’s hydropower plant.

Ovako continues to lead the way in sustainable steel production with an investment of SEK 60 million in a new, energy-efficient furnace at its Boxholm site.

Ovako announces a leadership transition in its Group Sales & Marketing organization.

Ovako is strengthening its position in the steel industry with a major investment of over 6 million euros to modernize its main Bright Bar facility in Hällefors. The modernization, taking place 2024 - 2026, will improve production efficiency, improve quality, and secure the company’s long-term competitiveness.