Ovako

Ovako is a leading European producer of engineering steel for customers in the bearing, transport and manufacturing industries.

Ovako’s customers are found mainly in the European engineering industry and its subcontractors. Customers are generally leading premium manufacturers in their segments that place intense demands on the properties of the steel.

Production comprises primarily bar, tube, ring and pre-components in low-alloy steels that are often used for demanding applications such as in bearings, powertrains, hydraulic cylinders and rock drills.

The steel production is based on scrap, making Ovako one of the Nordic region’s largest consumers of recycled scrap.Ovako operates in the market for long products in low-alloy steels. Our production is made up of bars, tubes, rings and pre-components for demanding applications including bearings, powertrains, hydraulic cylinders and rock drills.

Ovako develops high-tech steel solutions for, and in cooperation with, its customers in the bearing, transport and manufacturing industries. Our steel makes our customers’ end products more resilient and extends their useful life, ultimately resulting in smarter, more energy-efficient and more environmentally-friendly products.

Our production is based on recycled scrap and includes steel in the form of bar, tube, ring and pre-components. Ovako is represented in more than 30 countries, and has sales offices in Europe, North America and Asia. Ovako’s sales in 2016 amounted to EUR 781 million, and the company had 2,800 employees at year-end.

Core Values

At Ovako we place great value on constantly improving our performance – in our day-to-day work and for our customers. We have developed three values to define the Ovako spirit and to inspire our employees at work.

Three values define the Ovako spirit

Innovative
By innovative we mean that we contribute to progress and new ways of thinking.

Responsible
By responsible we mean that we take responsibility for our tasks and for each other and act with respect for our society.

Skilled

By skilled we mean that we use knowledge and collaboration to provide our customers with better solutions.

Our Vision

Ovako's vision maps out the direction for the company's long-term development.

This vision means working alongside our customers to develop high-quality and innovative steel. Together with our customers, it allows us to create shared potential for a better future. As a component of our customers' products, we are proud at Ovako of what our steel allows the end user to achieve, and we are confident that our steel can create opportunities to further reduce CO2 emissions.