Leading supplier of steel, other metals and processing services in the Nordics
Number of employees: Approximately 1,000
Share of SSAB Group´s total EBITDA: 6% (2020)
Revenue in 2020: SEK 8,241 million
Head of Tibnor: Kimmo Väkiparta (1965), President
Share of SSAB Group's revenue 13% (2020)
Tibnor’s strategy is to provide customers with the broadest offering at the most competitive price. The focus is to win market shares through growth in all customer channels, including parts volumes with a new, more efficient parts production setup and growing the digital channel share to 40%. With implemented synergies from the acquisition of the steel distribution business of Sanistål A/S in Denmark, and substantial cost savings implemented during 2020, Tibnor’s cost focus going forward is on purchasing and transport costs, as well as on further automation. These measures will allow Tibnor to leverage its market position and reach industry-leading profitability.
Working in close collaboration with strategic suppliers and partners, Tibnor aims at being the center of smarter solutions, thereby strengthening Nordic industry.
Tibnor has approximately 10,000 customers in various industries in the Nordics and Baltics. Customers range from large OEMs to small and mid-size industrial companies who use steel and other metals in their manufacturing processes and/or end products.
Key segments are the following:
BE Group, Stena Stål, Norsk Stål, Lemvigh Muller and Kontino, as well as a number of national local companies and niche actors.