Rautaruukki Oyj, using the marketing name Ruukki, is a Finnish company, headquartered in

Helsinki Helsinki () is the Capital city, capital and most populous List of cities and towns in Finland, city in Finland. It is on the shore of the Gulf of Finland and is the seat of southern Finland's Uusimaa region. About people live in the municipali ...

, which manufactures and supplies

metal A metal () is a material that, when polished or fractured, shows a lustrous appearance, and conducts electrical resistivity and conductivity, electricity and thermal conductivity, heat relatively well. These properties are all associated wit ...

-based components and systems to the

construction Construction are processes involved in delivering buildings, infrastructure, industrial facilities, and associated activities through to the end of their life. It typically starts with planning, financing, and design that continues until the a ...

and

engineering Engineering is the practice of using natural science, mathematics, and the engineering design process to Problem solving#Engineering, solve problems within technology, increase efficiency and productivity, and improve Systems engineering, s ...

industries. In 2014 Swedish

SSAB SSAB ABSSAB ASSAB B
, earlier Svenskt Stål AB (), is a Swedish company, formed in 1978, that spec ...

bought Ruukki. Rautaruukki steel factory in Raahe Jul2009 001

The company was founded in 1960 by the

Finnish Government The Finnish Government (; ; ) is the executive branch and cabinet of Finland, which directs the politics of Finland and is the main source of legislation proposed to the Parliament. The Government has collective ministerial responsibility an ...

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 A chassis (, ; plural ''chassis'' from French châssis ) is the load-bearing framework of a manufactured object, which structurally supports the object in its construction and function. An example of a chassis is a vehicle frame, the underpart ...

for heavy vehicles,

hot rolled In metalworking, rolling is a metal forming process in which metal stock is passed through one or more pairs of rolls to reduce the thickness, to make the thickness uniform, and/or to impart a desired mechanical property. The concept is simil ...

steel plates and coils, roofing sheets and building and

bridge A bridge is a structure built to Span (engineering), span a physical obstacle (such as a body of water, valley, road, or railway) without blocking the path underneath. It is constructed for the purpose of providing passage over the obstacle, whi ...

structures.

Ownership

On 31 December 2011 the principal shareholders were: #

Solidium Solidium Oy is a Finnish state-owned investment company. Founded in 1991, Solidium's original purpose was to manage the property of SKOP Bank (''Säästöpankkien Keskus-Osake-Pankki''; fi), which went bankrupt in the early 1990s recession. In ...

: 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

External links

* {{Authority control Manufacturing companies based in Helsinki Steel companies of Finland Companies formerly listed on Nasdaq Helsinki Manufacturing companies established in 1960 Finnish brands 1960 establishments in Finland

Ownership

References

Further reading

External links