Releases - SSAB

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2008

 

Found press releases

 

SSAB announces new research and development facility for its North American Divi...

12/19/2008 7:45 AM EST
SSAB today announced it will construct a research and development facility adjacent to its steel mill in Montpelier, Muscatine County, Iowa. The new facility will replace the research and development laboratory that was included in the sale of SSAB’s tubular operations earlier this year, and will enhance the Division’s ability to service its customers and operations in both the United States and Canada.

More ore by rail on new wagons

12/17/2008 5:13 AM EST
More slender but stronger wagons that can carry 20 percent more ore than their predecessors, in spite of an unchanged gross weight and also improved maintainability. This is one of the keys that have opened the door to the Swedish mining company LKAB to be able to increase its iron ore deliveries. The new wagons are made of high strength steel and improve the transport work on a number of scores. The wagon design...

SSAB is reducing costs and personnel

12/8/2008 3:15 AM EST
As a consequence of the severe downturn in the steel market and the uncertain prospects for 2009, SSAB is undertaking a cost savings program that is estimated to reduce operating costs by at least SEK 1 billion per year. As part of the program, SSAB intends to reduce its workforce by 1,300. The savings program will be implemented in 2009 and the full impact is expected to be felt in 2010.
Picture: Kuhn was awarded with the Swedish Steel Prize 2008 for the Pro-Longer.
 

A cut above the average

11/26/2008 5:28 AM EST
A new, more convenient and ergonomic grass mower unit for tractor mounting has been developed by the French company Kuhn. The Pro-Longer unit is made of advanced high strength steel, which has paved the way to major improvements. The designers have cut its weight, increased the strength and reduced the number of parts. The result to the customer is better operating economy and a safer working environment. The unit...
The winner of the Swedish Steel Prize 2008
 

French mower wins this year’s Swedish Steel Prize

11/21/2008 5:53 AM EST
The Swedish Steel Prize 2008 was awarded to the French company Kuhn. The Prize was awarded for a new grass mower unit made of advanced high strength steel and designed for tractor mounting. The use of high strength steel has enabled the mower to be made lighter and stronger than its predecessor. The result is a mower unit with improved operating economy, and better ergonomics and environmental properties. The Prize...

SSAB updates market prospects for the 4th quarter

11/19/2008 10:40 AM EST
Demand for steel has fallen rapidly in November and thus appears to be weaker than was anticipated in SSAB’s report for the third quarter of 2008.
SSAB’s deliveries during the fourth quarter of 2008 are expected to decline compared with the same period of 2007. For the Strip Products Division, the downturn is expected to be approximately 20 per cent compared with the same period last year. Within the Plate...
Marco Wirén
 

CFO appointed for SSAB

11/10/2008 6:15 AM EST
Marco Wirén has been appointed as CFO of SSAB. He has served as acting CFO since August and now takes over the role on a permanent basis.
”Marco possesses a solid background within accounts and finance at other companies and, after one year with us, has become well acquainted with SSAB” , says SSAB’s CEO Olof Faxander.

Marco Wirén, born 1966, was recruited to the position of VP Business Controlling at the...

SSAB and Green Cargo signs biggest-ever rail transport agreement

10/30/2008 9:41 AM EST
SSAB and Green Cargo have concluded a 10-year agreement for the transport of steel slabs and rolled products between the SSAB plants in Borlänge, Luleå and Oxelösund. The value of the agreement is more than SEK 2.5 billion and the freight to be handled by the train system is more than 4 million tonnes annually.
SSAB specified that the transport system shall use new, more powerful and more energy-efficient...

Third quarter 2008

10/28/2008 5:00 AM EST
The quarter (Unless otherwise stated, this report relates to continuing operations, i.e. excluding the tubular business)*) • Sales increased by 29% to SEK 13,399 (10,358) million, of which the North American Division accounted for SEK 4,244 (2,510) million • Operating profit was SEK 2,640 (1,380) million, of which the North American Division accounted for SEK 827 (543) million. Excluding non-recurring items, the...

Third quarter 2008

10/28/2008 3:00 AM EST
The quarter (Unless otherwise stated, this report relates to continuing operations, i.e. excluding the tubular business) • Sales increased by 29% to SEK 13,399 (10,358) million, of which the North American Division accounted for SEK 4,244 (2,510) million • Operating profit was SEK 2,640 (1,380) million, of which the North American Division accounted for SEK 827 (543) million. Excluding non-recurring items, the...

SSAB

SSAB is a global leader in value added, high strength steel. SSAB offers products developed in close cooperation with its customers to reach a stronger, lighter and more sustainable world. SSAB employs 9 200 people in ov...

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