Tag «ssab»

SSAB Prelaq GreenCoat™ now available with High Strength Steel

Borlänge, Sweden: SSAB has announced that the environmentally friendly pre-painted coating GreenCoat is now available with high strength steel. SSAB Prelaq GreenCoat is a new type of color coating for steel that is developed from rapeseed oil instead of traditional fossil oil based solvents. The result is an improved coated steel product with longer lasting …

SSAB takes the lead with Docol 1700M- new advanced high strength steel for the automotive industry

With the new Docol 1700 M, SSAB offers automakers worldwide a new high-strength structural steel for safer, lighter and more fuel-efficient cars with improved environmental performance. The new grade is appropriate for a range of applications including, energy-absorbing details in bumpers. Docol 1700 M is a cold-rolled advanced high strength steel developed for safety applications …

SSAB appoints Maria Långberg as President of Merox AB, also assuming responsibility for the Group´s sustainability work

SSAB is creating a new Group-level role with operational responsibility for the subsidiary Merox AB, and a coordinating role in respect of the Company’s sustainability work. Maria Långberg will take up the position as President of Merox AB on November 1 and assumes responsibility for the Group´s Sustainability work as of September 1, reporting directly …

NOMINATION COMMITTEE’S PROPOSAL TO SSAB EXTRAORDINARY GENERAL MEETING ON 11 SEPTEMBER 2014

The Nomination Committee consists of Anders Nyberg, Industrivärden (Chairman of the Nomination Committee); Åsa Nisell, Swedbank Robur Fonder; Lars-Eric Aaro, LKAB; Frank Larsson, Handelsbanken fonder, Kari A. J. Järvinen, Solidium Oy and Sverker Martin-Löf (Chairman of the Board of Directors). The Nomination Committee’s proposals in respect of items 1 and 6-8 on the agenda to …

Change in number of shares and votes in SSAB

SSAB AB (publ) (“SSAB”) has, in accordance with information previously announced, conducted a new issue of shares as consideration in the share exchange offer to the shareholders of Rautaruukki Corporation. The issue of shares has resulted in changes in the number of shares and votes in SSAB as follows: Prior to the issuance of new …

SSAB Half-Year Report 2014

The quarter Sales of SEK 9,323 (8,894) million Operating profit/loss of SEK 260 (-115) million Profit/loss after financial items of SEK 73 (-273) million Earnings per share of SEK 0.41 (-0.44) Operating cash flow of SEK 528 (796) million After the quarter end, approval from the EU and more than 90% of the shares in …

SSAB announces future Group Executive Committee and divisional structure

Today SSAB announces the future Group Executive Committee and divisional structure to be effective from September 1, 2014, pending the closing of the share exchange offer to Rautaruukki´s shareholders announced on January 22, 2014*.   The members of the future Group Executive Committee will be: Martin Lindqvist (1962), President and CEO SSAB Member of SSAB’s …

The European Commission has approved the combination of SSAB and Rautaruukki and SSAB proceeds with the completion of the share exchange offer

Today, SSAB AB (publ) (“SSAB”) has received the required regulatory competition approval from the European Commission for the combination of SSAB and Rautaruukki Corporation (“Rautaruukki”). SSAB has received the European Commission’s approval for the combination with Rautaruukki. The approval is conditional on a commitment by SSAB to divest the following assets within its Nordic Steel …

SSAB is looking to expand its facility in Montpelier, Iowa, U.S.

The potential expansion would increase melting and casting capabilities by up to 1.2 million tons above current melting capacity. This represents roughly an additional 800,000 tons per year of finished product along with 400,000 tons of melting capacity to be transferred as slab to SSAB’s Mobile facility for rolling and finishing. SSAB has entered into …

SSAB strengthens its presence in Australia

SSAB has signed an agreement to acquire 51% of the shares of G&G Mining Fabrication Pty Ltd in Perth, Western Australia. The company specializes in the refurbishment, manufacture and design of large fabrications for heavy earth moving equipment, with focus on backhoe, loader and face shovel buckets and service modules for the West Australian mining …