Nyheter och events

On Friday, February 9, 2018, at 08:00 CET, Ovako Group AB will publish its report for the full year 2017.

Ovako today announced that Tore Bertilsson has been appointed Vice Chairman of Ovako Group AB’s Board of Directors.

Ovako has launched its Heat Treatment Guide, the first digital tool on the market to enable customers to calculate the mechanical properties of a selected steel after heat treatment. This will save the customer time and money by offering a digital alternative to physical testing.

As noted in the Ovako Annual Report, the tax authority in Finland has previously sought to limit the deductibility of interest expenses for the years 2010-2013. Ovako Finland Oy has now received a notice from the Finnish tax authority extending their claim to also include the years 2014-2016. In light of existing practices for interest deduction in Finland during this period, and after consulting with external tax lawyers, Ovako has again appealed the tax agency's claim.

Ovako and FNsteel today announced a new supply agreement to continue the successful cooperation from 2017. Under the new contract, Ovako will supply 15,000 metric tons to FNsteel during 2018 as well. Moreover, the contract stipulates conditions for shipments above the current level.

Ovako today announced that Nizar Ghoussaini at his own request is resigning his seat as a director on Ovako’s board of directors as of December 31…

Ovako has today published climate declarations, outlining the carbon footprint rendered by the company’s products from cradle to gate. The declarations help clarify that the CO2 footprint of Ovako’s bar steel products is approximately 80 percent lower than the world average.

Ovako has decided to invest in a new degassing vacuum pump system in its Imatra production site, to improve the production process and the site’s…