Key facts

Revenues 1,585 MSEK
Adj. EBIT margin 6.9 %
No. of employees 488
Division President Claes Åkerblom

Figures refer to 2023

Division Strip

Strip develops and manufactures a wide range of precision strip steel products. Through the business unit Surface Technology, the division also offers pre-coated strip steel for one of the most critical components in the hydrogen fuel cell stack – the bipolar plates.

The precision strip steel products are used primarily to the Consumer, Medical, Industrial and Transportation customer segments, such as knife-, razor- and doctor blade steel and compressor valve steel.

The product offering also includes coated strip steel used for example for fuel cell technology for cars and trucks, and for hydrogen production.

The largest geographical market is Europe, representing approximately 47 percent of Strip’s revenues in 2021, followed by Asia (43 percent), North America (eight percent), and other markets (two percent).

Main competitors

Strip’s key competitors include the precision strip divisions of Hitachi Metals, Voestalpine, Jindal Steel and Power, and Zapp.

Key financials

Revenue recognized at location of buying customer and not end-user.

Compressor valve steel

Hardened and tempered strip steel for manufacturing many types of valves.

Spring strip steel

Spring strip steel in an extensive program of stainless steels, precipitation hardening steels and nickel alloys, available in a wide range of sizes and with or without coating.

Knife steel

Annealed or cold-rolled knife steel in a wide range of stainless chromium steels delivered in coils or as straightened lengths belonging to our knife steel portfolio.

Coated Strip Steel

We have the capacity to fulfill all of your coated steel strip needs in our large-scale coating lines. A shorter and quicker route for the mass production of bipolar plates for fuel cells.