Rautaruukki
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Company type | Julkinen osakeyhtiö |
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Industry | Basic resources, Metal industry |
Founded | 1960 |
Headquarters | , |
Area served | Worldwide |
Key people | Reino Hanhinen (Chairman), Sakari Tamminen (President and CEO) |
Products | Manufacture and supply of metals and metal products |
Revenue | ![]() |
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Total assets | €2.539 billion (end 2010)[2] |
Total equity | €1.389 billion (end 2010)[2] |
Number of employees | 11,820 (average, 2011)[1] |
Website | ruukki |
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.
![](http://upload.wikimedia.org/wikipedia/commons/thumb/6/64/Rautaruukki_steel_factory_in_Raahe_Jul2009_001.jpg/220px-Rautaruukki_steel_factory_in_Raahe_Jul2009_001.jpg)
![](http://upload.wikimedia.org/wikipedia/commons/thumb/c/cf/Ruukki_H%C3%A4meenlinna.jpg/220px-Ruukki_H%C3%A4meenlinna.jpg)
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
[edit]On 31 December 2011the principal shareholders were:[3]
- Solidium: Oy 39.67%
- Ilmarinen Mutual Pension Insurance Company: 3.72%
- Varma Mutual Pension Insurance Company: 2.51%
- The State Pension Fund: 1.39%
- ODIN Fund Management: 1.03%
References
[edit]- ^ a b c "Financial performance, Annual Report 2011". Rautaruukki. Archived from the original on 13 December 2012. Retrieved 23 May 2012.
- ^ a b c "Annual Results 2010". Rautaruukki. Retrieved 6 February 2011.[permanent dead link]
- ^ "Shareholders". Ruukki. 30 April 2012. Archived from the original on 31 October 2012.
Further reading
[edit]- Ukkola, Jukka (2004). Kuumaa terästä: Rautaruukki 1960-2003 (in Finnish). Helsinki: Rautaruukki. ISBN 952-5010-48-1.