CAPMAN AND RUUKKI’S CREATION OF FORTACO SHOULD HELP RUUKKI RATIONALISE ITS STEEL BUSINESS
December 1st, 2012
BY GERARD O'DWYER, IN HELSINKI
Finnish semi-state industrial group Ruukki will have been helped in its plans to streamline its steel and engineering businesses by the European Commission's approval of a new joint venture Fortaco, a senior manager involved in the deal told Steel First.
Fortaco was created through the merger of Ruukki's and Komas's engineering divisions, creating "Europe's largest contract manufacturer for the mechanical engineering industry", said a Fortaco statement. Metal technologies firm Komas is 82% owned by funds managed by ...
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