Ovako is a leading European producer of engineering steel for customers in the bearing, transport and manufacturing industries.
Ovako’s customers are found mainly in the European engineering industry and its subcontractors. Customers are generally leading premium manufacturers in their segments that place intense demands on the properties of the steel.
Production comprises primarily bar, tube, ring and pre-components in low-alloy steels that are often used for demanding applications such as in bearings, powertrains, hydraulic cylinders and rock drills.
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Ovako has nine production sites and is represented in more than 30 countries. It has sales offices in Europe, North America and Asia.
Ovako’s units are certified according to the international standard for environmental management, ISO 14001.
The operations are also quality assured in compliance with ISO 9001, and some units are also certified in accordance with ISO/ TS 16949 for the automotive industry and the OHSAS 18001 management systems for occupational health and safety.
The steel production is based on scrap, making Ovako one of the Nordic region’s largest consumers of recycled scrap.
Ovako operates in the market for long products in low-alloy steels. Our production is made up of bars, tubes, rings and pre-components for demanding applications including bearings, powertrains, hydraulic cylinders and rock drills.
Ovako is the only Nordic company in its product segment and holds a leading position in the European engineering steel market and in a number of global niches.
Sales in 2017 amounted to EUR 921 million and the company had over 3,000 employees.
Since June 2018, Ovako is part of the Japanese steel corporation Nippon Steel & Sumitomo Metal Corporation that employs 92,000 globally and has a revenue of EUR 37 billion.