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News

  • 2018-01-12

    Ovako receives extended tax reassessment notice in Finland

    Pressrelease As noted in the Ovako Annual Report, the tax authority in Finland has previously sought to limit the deductibility of interest expenses for the years 2010-2013. Ovako Finland Oy has now received a notice from the Finnish tax authority extending their claim to also include the years 2014-2016. In light of existing practices for interest deduction in Finland during this period, and after consulting with external tax lawyers, Ovako has again appealed the tax agency's claim.

  • 2017-12-22

    Ovako and FNsteel extend supply cooperation

    Pressrelease Ovako and FNsteel today announced a new supply agreement to continue the successful cooperation from 2017. Under the new contract, Ovako will supply 15,000 metric tons to FNsteel during 2018 as well. Moreover, the contract stipulates conditions for shipments above the current level.

  • 2017-12-22

    Change to Ovako's board of directors

    Pressrelease Ovako today announced that Nizar Ghoussaini at his own request is resigning his seat as a director on Ovako’s board of directors as of December 31, 2017. "We wish to express our gratitude to Nizar who through his industrial experience and expertise...

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