Ovako invests 15 million euros in Imatra Steel Mill
With the investment, Ovako modernizes the heavy bar mill of the Imatra site. This marks the largest investment in the Imatra mill in 30 years. As a result, the mill's production capacity will increase by 16,000 tons per year.The investment is an upgrade of the first and second rolling stand of the heavy bar mill and includes new transformers, motor drives, motors, and mechanical power lines. The investment is significant not only for Ovako but also for Imatra and the entire South Karelia economic area, as it also will support employment for local and regional contractors. "This