SSAB sells Plannja’s panel production business

SSAB EMEA’s subsidiary, Plannja, is selling its production and sales of sandwich
panels to Lindab.

The sale represents a part of the efficiency enhancement program that SSAB EMEA
has initiated with the aim of reducing costs by SEK 800 million. The program
includes a review of the entire business operations, including divestments of
businesses which are not of strategic importance for SSAB.

Plannja currently engages in modern and efficient panel production, with
operations primarily Luleå. The market position will be further strengthened
through the acquisition and integration of the business by the ventilation and
building components company, Lindab.

“I'm extremely pleased that we’ve found this solution,” says Plannja’s
President, P O Stark. “We can now focus all of our resources on improving what
we are already good at, namely quick, secure shipments of a complete range of
products to our customers within the building trade, sheet metal trade, modular
homes, and building companies. It’s also gratifying that we’ve found an owner of
the panel production business with a complementary range of products, which will
make it possible to increase the volumes in Luleå.”

The sale is planned to take place on March 19 and includes Plannja’s sandwich
panel production with design, as well as parts of the high profile production
and sales organization. Lindab will offer continued employment to the
approximately 50 employees affected. In 2011, the divested parts of Plannja
reported sales of around SEK 150 million.

About Plannja
Plannja is a wholly owned subsidiary which is operationally included in SSAB
EMEA. Sales are focused on the building trade, the sheet metal trade, and
construction projects. The product range comprises complete ranges for flat and
profiled construction steel, sheet roofing tiles and rainwater goods, as well as
sandwich-type wall elements.

For further information, please contact

Catarina Ihre, Director, Investor Relations +46 8 45 45 729
Sara Blix, Communications Manager Luleå +46 920 926 48

SSAB sells Plannja’s panel production business

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