February 9th, 2018

Ovako sees strong growth

The producer and developer of high-tech steel solutions, Ovako, saw a 29 percent increase in received orders in Q4.

Sales in 2017 as a whole increased to 250,000 tons, compared with 177,000 tons the previous year. 

“We ended 2017 in the same positive way we started, with an increasing order intake, increased deliveries and a clearly improved financial performance,” says Marcus Hedblom, CEO of Ovako. “We are now in a better position to continue to grow.”

Ovako has an important hub in Hofors, Gävleborg, for two of its business areas – Bar Hofors-Hällefors, and tubing and ring. The company directly employs around 1,200 people in Hofors.

Read more about Gävleborg’s steel industry. 

News source (external website in Swedish).