SSAB Europe’s Business Unit Finland is to initiate change negotiations in Raahe because of continued weak demand. The target is to structurally reduce the fixed costs by at least EUR 10 million on an annual basis. The negotiations will discuss alternatives to increase flexibility in operations and adjust to weakened demand, while taking account of future needs.
SSAB is participating in several events in conjunction with Climate Week NYC in the City of New York, United States, to contribute to the discussion on how to increase and accelerate the ambition, to scale up and roll out new climate technologies. Governments and policymakers should focus on creating markets for near zero emission materials and products as well as securing a level playing field.
SSAB’s subsidiary Tibnor plans to adjust operations due to lower demand and profitability. The measures aim at annual costs savings of approximately SEK 150 million and cover all Tibnor business areas and countries with the exception of the Baltic countries. The plan is to implement the measures in the fall of 2023, and this may result in the staff reduction of approximately 175 positions.
HT Laser has 3D printed the world's first component suitable for forest machine using fossil-free material. The printed part is designed to be suitable for Ponsse forest machines. The batch of steel powder produced by SSAB used in the printing of the component is the world's first fossil-free steel powder suited for the powder bed manufacturing method. The powder is produced without carbon dioxide emissions using fossil-free energy sources.
Karl-Petter Thorwaldsson is to return to SSAB as Senior Advisor to work with the company’s public affairs in Sweden, the Nordics and at the EU level. He will report directly to SSAB’s President and CEO Martin Lindqvist.
Ruukki Construction, part of SSAB Group, has produced the world's first building products made of SSAB fossil-free steel. The pilot products were manufactured at Ruukki’s Alajärvi plant in Finland.
Since switching to SSAB’s Strenx® 700MC E steel, Gsodam, an Austrian manufacturer of vehicles for timber transports, has reduced trailer weight by up to 20 percent. The result of building light and durable is timber trailers with increased load capacity.
With more than 40 years’ experience in tipper manufacturing, GF Engineering is a market leader in the segment in Malaysia. Since making Hardox® 500 Tuf steel its material of choice, its tippers last longer, weigh less and can handle heavier loads than ever before.
Since switching from SSAB’s Hardox® 450 steel to Hardox® 500 Tuf, M. Torre, a Spanish manufacturer of tipper bodies for the recycling industry, has extended the lifespan of its products without having to alter its processes. The result is a tipper body that is not only between 25 and 30% more durable, but also lighter and more sustainable.