News and Events

Ovako will publish its report for the first quarter at 07.30 on April 28, 2015.

Ovako has completed its acquisition of Tibnor Oy following approval from the European Commission and the competition authorities in Finland and Estonia.

As companies push the limits of performance in cold climates and harsh sub-zero Arctic environments, demand for strong, safe and well-proven materials is on the rise. Components like pipeline bolts, hydraulic parts and offshore lifting devices must offer greater reliability at -50°C or lower sub-zero temperatures.

High performance components are currently expected to withstand higher loads over longer periods of time. The purity of clean steels by Ovako is further developed to eliminate fatigue failures and extend service life to meet these high strength demands.

Ovako has today published its Annual Report for 2014. An English or a Swedish version can be downloaded here.

Björn Nilsson has been elected as a new member of Ovako's board of directors.

Read CEO Tom Erixon's comments on Ovako's year-end report, and download the complete financial statements.

Ovako has signed an agreement with SSAB to acquire steel and metals distributor Tibnor Oy in Finland. The deal has been approved by the European Commission and will now be examined by competition authorities in Finland and Estonia for final approval. The acquisition is expected to have a slightly positive impact on Ovako's operating profit and a slightly negative impact on cash flows for 2015.