Rautaruukki Explained

Rautaruukki Oyj
Type:Julkinen osakeyhtiö
Foundation:1960
Location City:Helsinki
Location Country:Finland
Area Served:Worldwide
Key People:Reino Hanhinen (Chairman), Sakari Tamminen (President and CEO)
Industry:Basic resources, Metal industry
Products:Manufacture and supply of metals and metal products
Revenue:€2.798 billion (2011)[1]
Operating Income: (€22 million) (2011)
Net Income: (€79 million) (2010)[2]
Assets:€2.539 billion (end 2010)
Equity:€1.389 billion (end 2010)
Num Employees:11,820 (average, 2011)

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.

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

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

  1. Solidium

Oy 39.67%

  1. Ilmarinen Mutual Pension Insurance Company: 3.72%
  2. Varma Mutual Pension Insurance Company

2.51%

  1. The State Pension Fund: 1.39%
  2. ODIN Fund Management

1.03%

Further reading

Notes and References

  1. Web site: Financial performance, Annual Report 2011. 23 May 2012. Rautaruukki. dead. https://web.archive.org/web/20121213202830/http://www.ruukki.com/Investors/Annual-report-2011/Ruukki-in-2011/Financial-performance. 13 December 2012.
  2. Web site: Annual Results 2010 . 6 February 2011 . Rautaruukki .
  3. Web site: Shareholders . 30 April 2012 . Ruukki . dead . https://web.archive.org/web/20121031004556/http://www.ruukki.com/Investors/Share-and-shareholders/Shareholders . 31 October 2012 .