12M Growth plans reported for Mantsinen Group at their Ylamylly factory in Findland
Mantsinen plan to invest 12 million euros into their factory and equipment at their Ylamylly factory in Finland. The company said the investment will be focused on a new production and office space, milling boring centre and surface treatment line totaling over 3,00ms (32,000 sq. ft.). This will be the largest investment in production technology the company has made.
“The main reason behind the investment is the rapid growth rate of sales of materials handling mchines during the previous years, ” the Mantsinen stated. “Moreover, the company forecasts to double the turnover in the following decade, the 2020’s.
“Heavy materials handling machines and hydraulic harbour cranes have been gaining market from traditional solutions, thus speeding up the growth of Mantsinen sales. ” More than 80% of the company’s production exported worldwide.
CEO Mia Mantsinen commented: “Our goal is to become a very significant supplier of materials handling solutions globally. New investment on production technology allows the growth of production capacity and increasing the production efficiency, as well as increases our competitiveness on the market. This is extensive investment for us, but on the other hand, only one phase of our comprehensive investment programme”
As well as preparing for production needs of the future, the company emphasises that modern equipment and space also add to the safety and ergonomics for employees and their wellbeing at work.
“The new milling boring centre and surface treatment line will meet both the existing and future needs in regards to size, capacity and functionality,” noted Mia Mantsinen.
“Over 3,000 m2 of new production space will be built, encompassing an assembly space in addition to the equipment. This relates to a growth of over 30% in our current production spaces.”
Construction is due to start in the coming fall and be completed by 2020.