Höganäs AB

Höganäs AB is a Swedish multinational based in Höganäs. It is the world's largest producer of powdered metals.[1] It develops and markets powders for customers in metallurgical industries.

Höganäs AB
Aktiebolag
ISINSE0000232175 
IndustryPowder Metallurgy
Founded1797 (1797)
FounderCount Eric Ruuth
HeadquartersBruksgatan 35, Höganäs, Sweden
Area served
Worldwide
Key people
Fredrik Emilsson (President & CEO)
Revenue SEK 6671 million (2010)
SEK 01114 million (2010)
SEK 0804 million (2010)
Total assets SEK 5667 million (2010)
Total equity SEK 03239 million (2010)
DivisionsHoganas Brasil
Hoganas China
Hoganas Japan
Hoganas Korea
North American Höganäs
Hoganas East Europe
Websitewww.hoganas.com

The company's portfolio of products and services includes sintered components, electromagnetic applications, brazing, chemical and metallurgical, hot polymer filtration, iron fortification, friction, Glidcop, sintered stainless steel filters, surface coating and welding.

Höganäs AB is operational worldwide through a number of subsidiaries, including Hoganas HOGAP AB, Hoganas Japan K.K, Hoganas East Europe LLC, Hoganas France S.A.S, Hoganas Italia S.r.I and North American Höganäs Holdings Inc. among others.

History

The company was founded in 1797 as a coal mine by Count Eric Ruuth. It also made refractory and salt glazed ceramics.

Höganäs AB was listed on the OMX in Stockholm 1994–2013, after which it was bought off the stock exchange, and is now wholly owned, through Höganäs Holding AB, by two Swedish holding companies, Lindéngruppen and Foundation Asset Management AB, with equal stakes and voting rights.[2][3]

The company has 1400 customers in 65 countries with more than 1500 products, mostly customer specific, from 14 production centres situated in all main continents. The company has 1600 employees and a turnover of approximately 900 MUSD.

The company’s products are found in a series of application areas including structural components for the automotive industry, metal surface coatings and iron fortification of food.

The Swedish iron ore producer LKAB has been one of the company's suppliers since 1909.

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See also

References
  1. Hermann Simon mentioned this company in his correspondent Book as an example of a "Hidden Champion" (Simon, Hermann: Hidden Champions of the 21st Century : Success Strategies of unknown World Market Leaders. London: Springer, 2009.- ISBN 978-0-387-98147-5.)
  2. Our businesses: Höganäs AB Archived 2016-11-03 at the Wayback Machine Lindéngruppen. Retrieved 6 November 2016.
  3. Innehaven FAM. Retrieved 6 November 2016.
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