Company: Nedstaal B.V.
www.nedstaal.nl
Date investment: September 1998 
Investment: Turnaround and growth
Status: Current investment

Nedstaal, the second largest Dutch steel manufacturer in 1998. In order to save the company, all variable costs, such as temporary employees, were shed.  The rolling mill was sold – in two steps – to Rautaruukki / Fundia, now Ovako. A new market for forged steel was identified for the remaining part, which was successfully developed: sales have doubled over the last three years. The restored profitability is being used to build this rapidly growing mini mill. For 2007 the company expects to have revenues of €110 million.