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Rautaruukki

From Wikipedia, the free encyclopedia
This article is about the company. For pusher vessel, see Rautaruukki (pusher).
Rautaruukki Oyj
Company typeJulkinen osakeyhtiö
IndustryBasic resources, Metal industry
Founded1960
Headquarters
Helsinki
,
Finland
Area served
Worldwide
Key people
Reino Hanhinen (Chairman), Sakari Tamminen (President and CEO)
ProductsManufacture and supply of metals and metal products
RevenueIncrease€2.798 billion (2011)[1]
Increase (€22 million) (2011)[1]
Decrease (€79 million) (2010)[2]
Total assets€2.539 billion (end 2010)[2]
Total equity€1.389 billion (end 2010)[2]
Number of employees
11,820 (average, 2011)[1]
Websiteruukki.com

Rautaruukki Oyj, using the marketing name Ruukki, is a Finnish company, headquartered in Helsinki, which manufactures and supplies metal-based components and systems to the construction and engineering industries. In 2014 Swedish SSAB bought Ruukki.

Rautaruukki steel factory in Raahe Jul2009 001
Four employees of Ruukki before the rolling mill in Hämeenlinna

The company was founded in 1960 by the Finnish Government to provide the steel supply needed by the nation's heavy industries. Since part-privatization in 1994, the state has gradually decreased its holding in Rautaruukki.The firm consists of three business areas: construction, engineering and metals. Rautaruukki produces a range of products for clients in various industries, including cabins and chassis for heavy vehicles, hot rolled steel plates and coils, roofing sheets and building and bridge structures.

Ownership

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On 31 December 2011 the principal shareholders were:[3]

  1. Solidium: 39.67%
  2. Ilmarinen Mutual Pension Insurance Company: 3.72%
  3. Varma Mutual Pension Insurance Company: 2.51%
  4. The State Pension Fund: 1.39%
  5. ODIN Fund Management: 1.03%

References

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  1. ^ a b c "Financial performance, Annual Report 2011". Rautaruukki. Archived from the original on 13 December 2012. Retrieved 23 May 2012.
  2. ^ a b c "Annual Results 2010". Rautaruukki. Retrieved 6 February 2011.[permanent dead link‍]
  3. ^ "Shareholders". Ruukki. 30 April 2012. Archived from the original on 31 October 2012.

Further reading

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