Normet's Assembly Capacity Increases by Half
2010-06-22 11:29 Kind：转载 Author：Normet Source：Normet
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One million euros investment in modernized production facilities has already increased Normet's assembly capacity by...
One million euros investment in modernized production facilities has already increased Normet's assembly capacity by 30 percent and another 25 percent of growth is expected in the near future. The plant was opened on Thursday in Iisalmi, Finland.
The overhaul of the old plant has been good news for Iisalmi area. There have already been more than 20 new jobs in the assembly plant of the Finnish specialist in mining and tunnelling processes, and 25 more are to follow.
– Later this year when Normet's new technology centre will be starting we'll need even more people, President of Normet's Supply Line operations Timo Rask predicts.
Consistency despite the recession
Normet's year 2009 was successful under the difficult circumstances. Even though turnover decreased from best-ever year 2008's 107 million euros to 90 million euros, the operating profit remained at a satisfactory level of 7.8 percent. There were no layoffs, and employees were trained in low season.
International operations of Normet continued to develop consistently last year. New sales and service companies were established in Indonesia and Canada, a representative office for ASEA's market in Singapore and branch offices in Peru and India. India was the second biggest market area for Normet's equipment sales. Company's global market share grew in the underground tunnelling market.
– Mining machinery sales fell last year, but the underground construction sector remained strong, and it largely counterbalanced the reduction in the volume of mining machinery, says Tom Melbye, President Normet Group.
2010 looks promising
The next 6 months are looking good for Normet. The first half of 2010 has meant recovery from the recession and order intake has increased considerably indicating good sales volumes for the rest of the year. Turnover is estimated to rise from 2009.
– Mining machinery markets are gaining strength and the underground construction sales are to remain at a healthy level. Normet's worldwide sales and service network with 24 branches in 15 countries will be our strength in global competition, Melbye says.
About Normet
Normet produces solutions for demanding customer processes in underground mining and tunnelling. Normet develops, manufactures and markets equipment and vehicles for mining and underground construction and offers services for the maintenance and usage processes for the entire lifetime of the products. Normet Group is a global market leader in its business sector and operates in 25 locations. Normet employs 460 professionals worldwide.
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