Finnish steel company Ruukki opened US headquarters in Pittsburgh and a new Canadian headquarters in Toronto. Ruukki will target its light-weight, energy-efficient steel products to North American manufacturers involved in transportation, heavy lifting, mining and other demanding industrial applications.
A $3.8 billion company, Ruukki produces high-strength and wear-resistant special steels for customers to design energy-efficient products with lighter structures.
For example, Waco, Texas-based Time Manufacturing uses Ruukki steel to make aerial lifts and bucket trucks that are more light-weight and thus more energy-efficient.
Ruukki will offer its two most popular steel products in North America: high-strength Optim and wear-resistant Raex steels.
While Ruukki has sold steel products in the US through an agent, by opening North American offices, the company will drive sales, marketing, customer service, technical support and its distribution network in North America. Manufacturing and R&D will remain at its steel works in Finland.
The US Department of Energy is focusing on reducing the weight of vehicles by using carbon fiber technology. DOE opened a Carbon Fiber Technology Facility in Oak Ridge, Tenn.- a manufacturing plant to reduce the cost of carbon fiber, which is a critical material for efficient lightweight vehicles.