Ovako invests over 17 million Euros in a Vacuum Tank Degassing facility at its Hofors site
Ovako announces a major investment in a cutting-edge vacuum tank degassing facility at its Hofors mill. This 17-million Euro commitment is a testament to Ovako's dedication to advance our metallurgy, and displays the significant commitment our owners, Sanyo Special Steel and Nippon Steel Corporation have to continue to further develop our metallurgies and reduce CO2 emissions at the same time.The investment comprises two key components. First, a state-of-the-art degassing facility, aligning with our already modern installations in Smedjebacken and Imatra. Secondly, mechanical vacuum pumps,