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Rautaruukki celebrates 50 years of operation

Steel News - Published on Fri, 12 Feb 2010

February 11th 2010 marks the 50th anniversary of Rautaruukki\'s foundation. It was founded by the Finnish State and seven major Finnish metal companies namely Fiskars, Lokomo, Otanmäki, Outokumpu, Rauma Repola, Valmet and Wärtsilä.

Mr Sakari Tamminen president & CEO of Rautaruukki said that \"In five decades, Ruukki has transformed from a traditional steel producer to an international multi skilled actor in the steel and engineering industries, and serves customers in 27 countries. The company\'s success is based on the same formula as in the Ruukki\'s early days: competent people and close, lasting cooperation with our customers. We will be celebrating our anniversary year at work with our personnel and customers.\"

Rautaruukki began operations in Raahe, Finland where the steel works built in the 1960s was the first in the West to make steel using the new, cost effective continuous casting method. In the 1970s, operations expanded into steel processing, with the construction of a cold rolling mill and the start-up of tube production in Hämeenlinna. In the 1980s, the company began to seek growth potential in Western Europe by establishing sales offices and making acquisitions. In the early 1990s, Ruukki expanded into the construction business, with the acquisition of Finnish steel roof manufacturer Rannila. In the 1990s, the markets in Eastern Europe opened up to the company, first in the Baltics and Poland, and later in Russia, Ukraine, the Czech Republic and Hungary.

During the first decade of the 21st century, Ruukki began to focus strongly on the solutions businesses, or solutions for construction and the engineering industry. The company\'s steel business focuses on special steel products. Today, Ruukki has a strong foothold on the Nordic markets and is seeking growth opportunities in the emerging markets of Russia, Central Eastern Europe and also China. In these regions, Ruukki has built a strong manufacturing and sales network to serve construction and engineering industry customers.

Posted By : admin on Fri, 12 Feb 2010
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