News and Press Releases

- Nippon Steel, Sanyo Special Steel and Ovako to Integrally Promote Business Operations under the Brandmark of “NIPPON STEEL”

- Both Ovako and Sanyo Special Steel are now part of the Nippon Steel & Sumitomo Metal Corporation

Ovako has inaugurated a new research and visitor center in Hofors, the Ovako Science & Visitor Centre. The purpose of the center is to work together with customers in the development of new and innovative steel solutions that enable the production of high-performance components adapted to customer needs.

Ovako has decided to invest EUR 11 million in the production plant in Smedjebacken to meet the rising demand for high-quality steel. A new vacuum degassing facility will improve the properties of the steel and create new business opportunities in sectors such as the automotive industry.

- Sanyo Special Steel acquires Ovako

Nippon Steel & Sumitomo Metal Corporation (NSSMC), one of the largest steel producers in the world, today confirmed the closing of the acquisition of…

Today Ovako announced its result for the first quarter 2018. EBITDA before restructuring costs increased to EUR 41 (32) million. Revenue rose by 16 percent to EUR 271 (233) million and the sales volume rose by 6 percent to 216 (204) kton. Cash flow from operating activities amounted to EUR -4 (-3) million. In March, it was announced that Nippon Steel & Sumitomo Metal Corporation (NSSMC), one of the largest steel producers in the world, will be acquiring Ovako.

On Wednesday 25 April 2018, at 08:00 CET, Ovako Group AB will publish its first quarter 2018 report. Financial analysts and investors in Ovako's senior…