The Economy

Swedish Steel Maker Opens R&D Facility in Iowa

Oct. 13, 2010

Company invests $11 million as part of its effort to be 'a global leader in advanced steels.'

The Stockholm, Sweden-based steel manufacturer SSAB has opened a new R&D facility adjacent to its steel mill in Montpelier, Iowa.

The $11 million investment is part of SSAB's effort to be "a global leader in advanced steels," the company said.

The 25,000-square-foot facility "houses some of the most cutting-edge testing, simulation and metallographic equipment in the world," according to the company. The facility is staffed by 13 research engineers and technicians.

"The new facility will improve our ability to service our customers further," said Olof Faxander, president and CEO of SSAB. "As we respond to our customers' increasing demands to address new technical challenges and product development, we solidify our position as a world leader in the supply of advanced high-strength steels."

About the Author

Josh Cable | Former Senior Editor

Former Senior Editor Josh Cable covered innovation issues -- including trends and best practices in R&D, process improvement and product development. He also reported on the best practices of the most successful companies and executives in the world of transportation manufacturing, which encompasses the aerospace, automotive, rail and shipbuilding sectors.

Josh also led the IndustryWeek Manufacturing Hall of Fame, IW’s annual tribute to the most influential executives and thought leaders in U.S. manufacturing history.

Before joining IndustryWeek, Josh was the editor-in-chief of Penton Media’s Government Product News and Government Procurement. He also was an award-winning beat reporter for several small newspapers in Northeast Ohio.

Josh received his BFA in creative writing from Bowling Green University, and continued his professional development through course-work at Ohio University and Cuyahoga Community College.

A lifelong resident of the Buckeye State, Josh currently lives in the Tremont neighborhood of Cleveland. When the weather cooperates, you’ll find him riding his bike to work, exercising his green thumb in the backyard or playing ultimate Frisbee.