INDUCT - INTERIM REPORT 2H 2016
The Interim Report for 2H 2016 for Induct has been approved by the Board of Directors. Please find the Interim Report enclosed.
Over the past ten years Ovako has invested around SEK 300 million in Hofors to address customer demand for heavier and larger rings. The new production process was inaugurated on February 16 by Gävleborg’s County Governor Per Bill and the President of Ovako in Hofors, Carl-Michael Raihle.The need for larger bearings is growing worldwide as investment is made in more and bigger wind turbines. To meet this demand, Ovako in Hofors is now investing in larger ingots, doubling their size. This makes it possible to produce bearing rings with a diameter in excess of four meters and up to five tons
Read original