Rautaruukki
 |
|
| Julkinen osakeyhtiö / Public company | |
| Traded as | Nasdaq Helsinki: RTRKS |
| Industry | Basic resources, Metal industry |
| Founded | 1960 |
| Headquarters | Helsinki, Finland |
|
Area served
|
Worldwide |
|
Key people
|
Reino Hanhinen (Chairman), Sakari Tamminen (President and CEO) |
| Products | Manufacture and supply of metals and metal products |
| Revenue |
 €2.798 billion (2011)
|
|
(€22 million) (2011) |
|
| Profit |
 (€79 million) (2010) |
| Total assets | €2.539 billion (end 2010) |
| Total equity | €1.389 billion (end 2010) |
|
Number of employees
|
11,820 (average, 2011) |
| Website | www.ruukki.com |
Rautaruukki Corporation (Finnish: 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.
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 to 40% and the firm is now a constituent member of the OMX Helsinki 25 index [1]. The name of the corporation means simply ironworks in Finnish.
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.
The company employs around 11,800 people, e.g. in the Nordic countries, the Baltics, China, Russia, Ukraine and Central Eastern Europe.
Rautaruukki was founded by the Finnish government in 1960. Also Outokumpu, Valmet, Wärtsilä, Rauma-Repola and Fiskars were involved in the company's birth. The main purpose for the new company was to guarantee the availability of raw materials for the Finnish metal industry, e.g. ship building. Rautaruukki's steel mill in Raahe did not use the traditional ingot casting method which was still used in other western countries but produced steel with the cost-efficient continuous casting technique. The company grew from six people employed in 1960 to more than 1,700 by the end of the 1960s.
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Wikipedia