Skip to main content

Normet to invest over €7 million

Underground construction in the world is increasing, metal ores are mined deeper, and there is an ever-growing demand in emerging countries for metals, infrastructure and energy.
April 4, 2012 Read time: 2 mins
A Normet Charmec underground explosive charge places explosives
RSSUnderground construction in the world is increasing, metal ores are mined deeper, and there is an ever-growing demand in emerging countries for metals, infrastructure and energy.

All these trends support the continuation of global needs of specialised equipment for underground tunnel building, says 3708 Normet, a Finnish manufacturer of mining and tunnelling equipment, which is strengthening its local organisations (sales, marketing and customer service) around the world and by making substantial investments in R&D and production facilities.

Last year Normet underwent considerable restructuring resulting in a new distribution network with headquarters, Normet International, in Switzerland, and regional offices in Switzerland, Australia and the United States. Previously, the organisation sold 60% of its products through distributors and third parties, and now at least 80-90% of sales are conducted through its own subsidiaries.

"This year, the main emphasis of Normet's front line operations is on substantial improvement of customer service and support. The subsequent step is to focus on R&D, which will further strengthen our offering and position as a leading supplier of underground concrete spraying and charging solutions," says Aaro Cantell, chairman of Normet Group's board.

In three years, Normet has tripled its turnover and doubled the number of personnel. During the past year, the company has established 14 offices globally and now operates from 17 different locations worldwide with new locations in India, Singapore and Brazil planned in the near future.

"Over €7 million will be invested in manufacturing and in a technology centre. This will enable full-scale prototype manufacturing and testing, and increase our production capacity by 66%," says Jari Osmala, CEO of Normet Group.

For more information on companies in this article

Related Content

  • New focus on hydraulics operations for Lonking
    January 6, 2017
    Lonking widening its product range and developing its hydraulics components operations - Mike Woof reports Shanghai-based Lonking is best known as a major supplier of wheeled loaders, and as one of the market leaders in China. The company has followed a path of diversification in recent years however, significantly widening its product range and with its excavator business in particular proving successful and taking a substantial share of the Chinese home market. Other Lonking products rolling off the produ
  • Concrete paving market developments
    February 9, 2018
    Key developments are being seen in the concrete paving and slipforming market - Mike Woof writes. Key changes are taking place in the concrete paving and slipforming sector, with two of the well-known names in the market recently having changed hands. Both Miller Formless and Power Curbers/Power Pavers have recently been acquired from the families that set up these firms. In both instances the owners of the companies decided to retire and opted to sell these specialised businesses to suitable parties.
  • Mascus celebrates 10th year on-line
    February 28, 2012
    The on-line marketplace for construction machinery, Mascus, is now celebrating its 10th anniversary.
  • DEUTZ streamlines organisational structures
    July 13, 2012
    Engine manufacturer DEUTZ is reconfiguring its organisational structures to deal with the effects of the global recession. Having launched its comprehensive MOVE action programme last year to secure its future and profitability, it now plans to take further steps to realign its structures. Following the reduction of the company's management board from four to three in March, the organisational level immediately below the board is being significantly streamlined. In future, 17 executives at this level will r