Materials handling equipment specialist Mantsinen Group is to invest over €12M in its factory facilities and equipment in Ylämylly, Finland.
The company said the investment will be focused on a new production and office space, milling boring centre and surface treatment line. It will be the most costly one-time investment in production technology that the company has ever made.
“The main reason behind the investment is the rapid growth rate of sales of materials handling machines during the previous years,” the Mantsinen stated. “Moreover, the company forecasts to double the turnover in the following decade, the 2020s.
“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 is 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 an 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.”
Mantsinen has recruited more than 30 new people in the last years, and the recruitment growth is expected to continue along with the investment.
Construction works are due to start this autumn, and the project is due to finish in the autumn of 2020.