LKAB
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| LKAB | |
|---|---|
| Type | Government-owned |
| Founded | 1890 |
| Headquarters | Lulea, Sweden |
| Area served | Worldwide |
| Key people | Björn Sprängare (Chairman), Ola Johnson (President & CEO) |
| Industry | Mining |
| Products | Iron ore, Mineral |
| Revenue | ▲16.385b SEK (2007) |
| Operating income | ▼6.148b SEK (2007) |
| Net income | ▼4.526b SEK (2007) |
| Employees | 3,885+ (2007) |
| Divisions | The Market Division, The Mining Division, The Minerals Division, Special Business |
| Website | lkab.com |
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LKAB ( Luossavaara-Kiirunavaara Aktiebolag) is an international high-tech minerals group of Sweden, one of the world’s leading producers of upgraded high-tech iron ore products for the steel industry and a growing supplier of industrial minerals products to other sectors.
The iron ore products are mainly sold to European steelmills. Other important markets are North Africa, the Middle East and Southeast Asia. Industrial minerals are sold mainly in Europe, but also in Asia and the USA.
LKAB has more than 3,800 employees, of which more than 600 are outside of Sweden. There are iron ore mines, processing plants and ore harbors in northern Sweden and Norway, sales office in Belgium, Germany and Singapore. LKAB has subsidiaries for industrial minerals with processing plants in Sweden, Finland, Greenland, the UK, the Netherlands, Greece, Turkey and China. Additional subsidiaries are in Germany, the USA and Hong Kong as well as representative offices in Slovakia and Thailand.
LKAB’s chief assets are the magnetite ore of the Orefields of northern Sweden. LKAB is owned by the Swedish Government. LKAB's corporate headquarters are in Luleå and the main production sites are in Kiruna and Malmberget, close to Gällivare. The ore is partially processed on site, and is transported by freight train on Malmbanan to either Narvik or Luleå depending on final destination.
LKAB top management has put growth, profitability and social responsibility on the top of the corporate agenda.
Höganäs AB is the oldest customer buying products since 1909 and has a close relationship with LKAB.
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