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Ruukki Studies Options for Future of Mo i Rana Plant
01/04/2010 - Ruukki plans to reorganize operations at its Mo i Rana plant in Norway, which makes shipbuilding profiles and flange profiles for windmill towers. Ruukki will study the options available, including the partial or entire closure of operations, to correct the unit's financial performance.
Ruukki plans to reorganize operations at its Mo i Rana plant in Norway, which makes shipbuilding profiles and flange profiles for windmill towers. Ruukki will study the options available, including the partial or entire closure of operations in Mo i Rana, to correct the unit's financial performance.
The company plans to consult with approximately 110 workers affected in connection with the studies being made.
During the second half of the year, demand in the shipbuilding industry remained weak, according to Ruukki, and estimates show the level of activity to remain low for a longer period.
The Mo i Rana unit posted an operating loss of EUR 13 million for the first nine months of 2009.
Rautaruukki, which uses the marketing name Ruukki, supplies metal-based components, systems, and integrated systems to the construction and engineering industries. The company has a wide selection of metal products and services. It has operations in 27 countries and employs 12,200 people. Net sales in 2008 totaled EUR 3.9 billion.
