Ovako is investing over EUR 6 mln (USD 6.24 mln) to modernize its main bright bar facility in Hallefors, strengthening its position in the steel industry. The modernization scheduled for completion between 2024 and 2026 will enhance production efficiency, quality, and long-term competitiveness.
In the summer of 2024, Ovako upgraded its operations with new cutting, chamfering, and milling equipment, replacing older machinery. This will enable Ovako to handle all machining in-house, reducing handling and transportation risks.
Developed in collaboration with trusted partners like MAIR Research, Svizza, and Caverion, the new equipment has been rigorously tested to meet high-performance standards.
Building on the success of these upgrades, Ovako has approved a major investment in a new peeling lathe, set for operation in 2026. This will expand the product range to include diameters up to 130 mm, further improving productivity and quality.
Ovako, a leading European steel manufacturer and subsidiary of Sanyo Special Steel (part of Nippon Steel Corporation), provides engineering steel for the bearing, transportation, and manufacturing sectors. With offices across Europe, North America, and Asia, the company offers customized warehouse solutions tailored to customers’ specific needs.
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