(IN BRIEF) Tibnor has secured regulatory approval for its acquisition of Ovako Metals Oy Ab, a Finnish steel distribution company, with the transaction expected to close in the coming weeks. The deal will allow Tibnor, a subsidiary of SSAB, to … Read the full press release →
Posted in Business, Defence, Environment, Financial, Finland, Government, Industrial, Investment, Management, Marketing, Metals and Minerals, Sweden, Technology
Tagged acquisition approval, Baltic region expansion, competition authorities, construction industry, engineering steels, Finland steel market, Fredrik Haglund, logistics and warehousing, Nordic metals industry, Ovako Metals Oy Ab, SSAB, SSAB Subsidiary Tibnor Moves Forward with Ovako Metals Acquisition to Strengthen Nordic Market Presence, steel distribution, Tibnor, Tibnor Secures Regulatory Approval to Acquire Ovako Metals and Expand Steel Distribution Operations in Finland
(IN BRIEF) Tibnor, a subsidiary of SSAB, has announced plans to adjust its operations in response to lower demand and profitability. The measures, intended to achieve annual cost savings of around SEK 150 million, will encompass all Tibnor business areas … Read the full press release →
Posted in Business, Financial, Industrial, Management, Metals and Minerals, News, Sweden
Tagged Cost-saving Measures, Financial, Fredrik Haglund, profitability, SSAB, Staff Reduction, Tibnor
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