Leading supplier of steel, other metals and processing services in the Nordics
Number of employees: Approximately 1,100
Share of SSAB Group´s total EBITDA: 3% (2019)
Sales in 2019: SEK 9,149 million
Head of Tibnor: Kimmo Väkiparta (1965), acting President
Share of SSAB Group's total sales: 12% (2019)
Tibnor’s strategy is to win market shares through the broadest product offering in the Nordics and to grow volumes in the parts business through a specialized network of processing units. In 2019, Tibnor acquired the steel distribution business of the Danish company Sanistål A/S, Denmark’s second largest steel distributor, in order to complete its Nordic footprint and establish the company as a clear market leader by having a position as #1 or #2 in all the Nordic countries.
Working in close collaboration with strategic suppliers and key customers, Tibnor continues to develop a value-adding offering focusing on customer experience and leveraging digitalization and automation. Tibnor is aiming to be the digital leader in Nordic steel distribution, with the target to grow its business in digital channels to 50%. Efficiency initiatives in the strategic plan include structural improvements, productivity programs and the realization of cost synergies from the Sanistål acquisition. These measures will position Tibnor to leverage its market position and reach industry-leading profitability.
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.