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Rautaruukki

Rautaruukki
Company nameRautaruukki Oyj
Company typeJulkinen osakeyhtiö
IndustryBasic resources
Founded1960
HeadquartersHelsinki, Finland
Key peopleReino Hanhinen (Chairman), Sakari Tamminen (President and CEO)
ProductsManufacture and supply of metals and metal products
Revenue-2.415 billion (2010)
Operating income(-) (-12 million) (2010)
Net income(-) (-79 million) (2010)
Total assets-2.539 billion (end 2010)
Total equity-1.389 billion (end 2010)
Employees11,690 (average, 2010)

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Rautaruukki Corporation ( , 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.

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 to 40% and the firm is now a constituent member of the OMX Helsinki 25 index [http://www.ruukki.com/.

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.

The company employs around 11,500 people, which conducts business in wider Scandinavia, Central Europe, the Baltic countries and the Balkans [http://www.ruukki.com/.




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