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News

  • 2017-12-12

    Ovako climate declarations help customers make CO2-effective procurement decisions

    Pressrelease 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.

  • 2017-12-07

    Ovako invests in improved metallurgy in Imatra

    Pressrelease 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 overall capabilities. The investment replaces the previous degassing system, and will also help reduce...

  • 2017-10-25

    Ovako publishes its report for the third quarter 2017

    Pressrelease Today Ovako announced its result for the third quarter 2017. EBITDA before restructuring costs improved to EUR 9 (5) million. Sales volume during the quarter amounted to 162 kton, 11 percent higher than previous year. Order intake increased by 14 percent, while the order book was more than 50 percent higher compared to corresponding time last year. Cash flow from operating activities improved from EUR 3 to 14 million. Ovako’s restructuring program has delivered savings of EUR 4 million during the quarter.  

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