Swedish steelmaker Ovako has invested over €6 million to modernize its main bright bar facility in Hällefors.
The modernization aims to improve production efficiency, increase quality, and secure the company’s long-term competitiveness.
In the summer of 2024, Ovako upgraded its operations with new cutting, chamfering, and milling equipment. The machinery replaces older equipment and allows the steelmaker to handle all machining in-house.
“These upgrades enable us to streamline operations and improve efficiency while delivering even higher quality for our customers.”
Filip Gran, section manager, Ovako
“These upgrades enable us to streamline operations and improve efficiency while delivering even higher quality for our customers,” said Filip Gran, section manager.
The new equipment, developed in collaboration with trusted partners such as MAIR Research, Svizza, and Caverion, has been tested to meet performance standards.
Building on the success of the 2024 upgrades, Ovako has approved another investment in a new peeling lathe, set to be operational in 2026, to improve the facility's capabilities. This next phase of modernization will expand the product range, allowing Ovako to offer diameters up to 130 mm, and further improve productivity and quality.
“This investment reinforces our position as a leader in bright bar production. It ensures we remain competitive while opening new opportunities for growth,” commented Mikael Haraldsson, production unit manager for bright bar.
“The recent investments not only secure future operations but also strengthen Ovako's position in the global steel industry”.
Rickard Qvarfort, business unit manager, BU Hofors-Hellefors, Ovako
Rickard Qvarfort, business unit manager for BU Hofors-Hellefors, added: “The recent investments not only secure future operations but also strengthen Ovako's position in the global steel industry”.