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SSAB: Tibnor and Peab develops partnership

STOCKHOLM--(BUSINESS WIRE)-- Regulatory News:

SSAB Svenskt Stål AB (STO:SSABA)(STO:SSABB):

The Nordic steel distributor Tibnor and the Nordic construction and civil engineering company Peab, has signed a group-wide agreement of reinforcing and long products deliveries in Sweden, Norway and Finland.

The deepened collaboration begins during the end of 2012 and is a complete solution including material and value-add services within logistics, production and administration.

“We are very pleased that Peab selected Tibnor as the complete solution provider for reinforcing and long products deliveries. It is an evidence that we have a joint view on long-term development projects and partnerships. The group-wide agreement will be a significant volume for our production and logistic system in the Nordics”, Tibnor CEO Mikael Nyquist says.

Tibnor is the Nordic region’s leading supplier of steel and metals. Our customers have different needs, and we adapt our offer to meet them. Together with our customers and suppliers, we develop the best solutions for materials, logistics and production. The 2011 turnover for the Tibnor group was 7.2 billion SEK and the number of employees was approximately 800. Tibnor is a part of SSAB. For further information see www.tibnor.se.

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Mikael Nyquist, CEO
mikael.nyquist@tibnor.se
Tel: +46 10- 484 01 05

Source: SSAB