Faxander targets ramp-up of Ipsco’s AHSS stance
Nov 29, 2007 | 06:29 AM
| Scott Robertson
After taking a hand in leading Svenskt Stal AB's bold takeover of Ipsco Inc., Lisle, Ill., Olof Faxander is set on making Ipsco a world leader in the production and development of advanced high-strength steels (AHSS), primarily in plate applications.
Faxander, president and chief executive officer of SSAB, said Ipsco is a good fit with the Stockholm, Sweden-based steelmaker because of its new parent's focus on high-strength steels. And while SSAB has an extensive sales network in North America, the company is short on the plate capacity required to continue to grow in this area, he added.
Ipsco's approximately 4-million-ton-a-year plate manufacturing capacity out of Montpelier, Iowa, and Mobile, Ala., helped change that and was a key factor in SSAB agreeing to acquire the company in July for about $7.7 billion (AMM, July 19).....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here