Business news from Ukraine

Ruukki and SSAB will provide charitable assistance to Ukraine with roofing materials

Steel company SSAB (Sweden) and its subsidiary Ruukki Construction will provide charitable assistance in the form of roofing materials produced by Ruukki to restore houses damaged in Ukraine as a result of Russian aggression, the Ukrainian Steel Construction Center (UKCC) said in a press release on Monday.
Reportedly, the roofing materials will be made of SSAB steel at Ruukki’s plant in Ukraine. The roofing kit will include profiled sheets, strips and fasteners to restore damaged roofs of 85 homes.
This program will be implemented through the charity organization OperationAid.
Ruukki factory in Ukraine has 72 employees. Thanks to the support of Ruukki Corporation Ukraine resumed the work of the plant in the village of Kopylov and the work of the company as a whole since May 2022. Work is carried out on a limited schedule a few days a week, depending on the load lines and the availability of electricity.
SSAB is listed on the Nasdaq OMX Stockholm and Nasdaq OMX Helsinki stock exchanges. The company is headquartered in Stockholm, Sweden. SSAB has a total steelmaking capacity of 8.8 million tonnes per year in Sweden, Finland and the United States. SSAB has its own steel processing and fabrication facilities in China, Brazil and many other countries. SSAB employs 15,000 people in over 50 countries worldwide.
SSAB connects the biggest players in the national steel construction market. It currently encompasses more than 60 specialized companies.

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RUUKKI STANDS WITH UKRAINE AND STOPS BUSINESS WITH RUSSIAN AND BELARUSSIAN COMPANIES

The war in Ukraine has dramatically changed the geopolitical landscape in Europe. Ruukki Construction fully condemns Russia’s attack and the hostility towards Ukraine and its people.
Safety of our employees, customers and partners is of the highest importance at Ruukki. All of Ruukki’s operations in Ukraine have been suspended and all shipments and sales to Russia and Belarus have been discontinued. For some time, this will also affect the delivery capabilities of some product groups.
Our thoughts are with the people of Ukraine and our colleagues, customers and partners, who are in the middle of the war. Ruukki and our employees in various countries help our Ukrainian colleagues and their families by providing financial support and resettlement assistance. We are grateful to all those who work tirelessly to help the people of Ukraine.
SSAB supports Ukraine through UNHCR
As part of SSAB, Ruukki is donating to UNHCR, the UN High Commissioner for Refugees to support the people in Ukraine. UNHCR is present in the country with a structure already set up and has vast experience in rapid response, relief and refugee assistance, including people fleeing inside Ukraine.
Ruukki is constantly monitoring the development of the situation and taking any necessary actions to secure the safety of its people.
Ruukki has a factory in Kopyliv, some 50 kilometers west from Kyiv, and sales offices in some ten locations in Ukraine. Altogether, Ruukki has 73 employees in Ukraine.
In Ukraine, Ruukki products for commercial construction are represented by Rauta. Rauta Group was set up in 2014. Its core business is the design of constructions, supply and assembly of construction materials. The company has a license for the construction of facilities with medium (CC2) and high (CC3) consequences.
According to the unified state register, the owner of a 100% stake in the statutory capital of the company is Andriy Ozeychuk.

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