Ovako continue to modernize the manufacturing facilities in the tube operations at Hofors
2006-03-14 00:00 CET

Oy Ovako Ab's Board of Directors has approved an investment package of approximately EUR 8 million (SEK 78,5 million) in the Tube & Ring Division at Hofors in Sweden. The aim of the investment is to modernize the production equipment and increase the product range of seamless Hot Rolled Tubes.

The investments will enable Ovako to serve the market with seamless Hot Rolled Tubes with outer diameter up to 255 mm (presently 205 mm) as well as increased wall thickness. By this investment the large size tube mill will be upgraded and modernized and hence strengthen the product program produced in this mill.

The investment will be completed between 2006 and 2008.

This investment will lay the basis for future competitiveness of the Tube & Ring division's operations in Hofors as well as create opportunities for the continued growth of the unit.

For more information, please contact:

Rickard Qvarfort, President Tube & Ring Division, phone. +46 (0)70 317 5645

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