SSAB will invest more than SEK 500 million in its Nordic operations to support the automotive growth strategy, increased production stability and reduced energy consumption.
The investments will be made in operations at the Hämeenlinna and Luleå sites and the projects will start in late 2016. SSAB will invest SEK 370 million to modernize the first section of the pickling line at the Hämmeenlinna Works in Finland. The investment is being made to support SSAB’s automotive growth strategy and secure the stable and long-term production of coated strip products. All steel strip at Hämeenlinna is pickled by passing it through hydrochloric acid baths before cold rolling and subsequent metal coating.
In Luleå, Sweden, an investment of SEK 156 million will be made in a new blower for hot metal production. The blower can be seen as the engine of the blast furnace and the installation of a new blower will reduce energy consumption and increase production stability.
|Location||Finland & Sweden|
|Type||Modernization & Installation|
|Estimated Cost||SEK 500 million|
Source : ssab.com