Seco Tools AB · Fagersta Sweden ·(OMX Stockholm: SECO B)
Company Description
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This company is a machinist for metalworks. Seco Tools manufactures metal-cutting products which cover four main areas of machining: milling, holding, turning, and holemaking. Items include milling cutters, carbide endmills, thread turners, drills, boring heads, reamers, and tooling systems. Seco Tools also manufactures an array of solid carbide drills, and its Secomax product line consists of a range of high-performance cutting tool grades developed for use on hard-to-machine metals. Some of its latest tool presetters feature digital imaging. The group holds strong market positions in Western Europe and North America and is investing in Asia and Eastern Europe. Sandvik owns about 60% of Seco Tools. To read the full description, subscribe now.
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Key Seco Tools AB Financials
| Company Type | Public - OMX Stockholm: SECO B Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $841.8 |
| 2007 Employees | 4,662 |
Seco Tools AB Executives
20 executives listed for Seco Tools AB's Fagersta, location.
| Title | Name & Bio | Contact |
| Chairman | Anders Ilstam | Network |
| Vice Chairman | Carl-Erik Ridderstråle | Network |
| President, CEO, and Director | Kai Wärn | Network |
Competition
Competitive Landscape for Seco Tools AB
Demand depends on US manufacturing activity. The profitability of individual companies is linked to engineering expertise and operating efficiency. Larger shops have the ability to invest in advanced production machinery. Smaller shops can compete effectively by serving specialized customers, or by providing engineering services. Despite continuing automation, the industry is labor-intensive: average annual revenue per worker is about $120,000. To read the full description, subscribe now.Top Seco Tools AB Competitors
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