Faxander sets sights on expanding Ipsco’s AHSS role

Nov 29, 2007 | 12:30 PM | 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.

SSAB's goal is to focus on increasing the volumes of quenched and tempered heavy plate and AHSS, along with other niche products, that Ipsco can manufacture, Faxander, president and chief executive officer of SSAB, told AMM in an interview at SSAB's Swedish Steel Prize presentation in Stockholm.

Two areas of interest to other foreign steel producers that have bought into the North America market—the automotive industry and the distribution chain—have little interest for SSAB, he said. "We have very limited sales to the automotive market and I don't see that being a major sector for us in the future. We will not focus on the automotive market, as we will on larger trucks, rail and barges—the things that are plate users," he said, adding that the high-strength steels made by Ipsco will be in plate....

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