Tag «Ovako»

Ovako and French consortium win bid for Ascometal

The French consortium headed by Franck Supplisson and backed, among others, by special steelmaker Ovako, has been selected by the local French tribunal as the winner in the bidding process for Ascometal. As previously reported the offer presented by Supplisson included an investment of some €135 million in Ascometal during the first four years and …

SMS Elotherm -Taylor-made induction heating technology for Ovako

SMS Elotherm, Germany, has been awarded two orders for induction heating equipment by Ovako Tube and Ring AB in Hofors, Sweden. EloBar™ and EloTube™ machines by SMS Elotherm combine high energy efficiency with comparatively small space requirement. EloBar™ will be used at Ovako’s forging operations to heat steel bars at a production rate of up …