Rautaruukki

Finnish company

Rautaruukki Oyj

Company type	Julkinen osakeyhtiö
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)^[1]
Operating income	(€22 million) (2011)^[1]
Net income	(€79 million) (2010)^[2]
Total assets	€2.539 billion (end 2010)^[2]
Total equity	€1.389 billion (end 2010)^[2]
Number of employees	11,820 (average, 2011)^[1]
Website	ruukki.com

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. In 2014 Swedish SSAB bought Ruukki.

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.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.

Ownership

On 31 December 2011the principal shareholders were:^[3]

Solidium: Oy 39.67%
Ilmarinen Mutual Pension Insurance Company: 3.72%
Varma Mutual Pension Insurance Company: 2.51%
The State Pension Fund: 1.39%
ODIN Fund Management: 1.03%

References

^ ^a ^b ^c "Financial performance, Annual Report 2011". Rautaruukki. Archived from the original on 13 December 2012. Retrieved 23 May 2012.
^ ^a ^b ^c "Annual Results 2010". Rautaruukki. Retrieved 6 February 2011.^{[permanent dead link]}
^ "Shareholders". Ruukki. 30 April 2012. Archived from the original on 31 October 2012.