Ovako continues to invest in the Smedjebacken Steel Mill
Ovako is set to further its commitment to innovation and efficiency with a new investment of € 9 million (approximately 100 million SEK) in the Smedjebacken steel mill.Following previous significant investments, including a new exhaust gas filter, continuous casting machine, and a vacuum tank degassing (VTD) system, this new funding will ensure continued production efficiency and modernization. The investment includes the replacement of the 50-year-old phase compensation system with an SVC Light[®] cutting-edge STATCOM system from Hitachi Energy. The upgrade will ensure compliance with
Read original