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Next-Generation M-Steel Reduces Customers' Manufacturing Costs

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Ovako
1096 Assembly Dr
Ft MIll, SC, 29708
USA



Press release date: March 18, 2014

Ovako is today launching next-generation M-Steel® at the Elmia trade show in Jönköping, Sweden. M-steel, which stands for machinability steel, has been developed with a focus on improving customers' productivity and profitability. The optimisation of M-Steel and its applications are part of Ovako's commitment to close customer collaboration and development.

More than 400 companies worldwide currently use M-Steel in their production. The steel's machinability, i.e. how easy it is to process, has a major impact on manufacturing costs and production capacity for Ovako's customers. Using M-Steel can increase cutting speed by up to 30 percent and can considerably reduce production costs.

"Next-generation M-Steel allows us to offer steel produced using advanced technology that provides our customers with the best possible machinability," says Göran Nyström, Senior Vice President Group Marketing and Technology at Ovako.

Next-generation M-Steel can be adapted to a range of steel grades and can be complemented with the most suitable heat treatment to match customer needs. M-Steel is supplied as round bar from 25 mm to 200 mm and as square bar in dimensions up to 150 mm.

Ovako’s new M-Steel is the first of several new brand launches that the company is planning for the coming year. Over the past two years Ovako has invested heavily in research and development and in production and marketing with the objective of becoming Europe's most customer-oriented engineering steel company.

Further information can be obtained from:
Viktoria Karsberg, Head of Group Communications, +46 70 209 93 96

Ovako is a leading European producer of engineering steel for customers in the bearing, transportation and manufacturing industries. Our production is based on recycled steel and includes steel in the form of bars, tubes, rings and pre-components. Ovako is represented in more than 30 countries and has sales offices in Europe, North America and Asia. Sales in 2012 amounted to EUR 937 million and the company had 3,040 employees. For further information please visit us at www.ovako.com
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