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

  • Capital move by Turkish Hitachi dealer
    July 31, 2012
    ENKA Pazarlama, one of the longest-serving distributors of Hitachi Constriction Machinery (Europe)/HCME, has opened a new branch in Turkey's capital city, Ankara. ENKA Pazarlama has been serving the Turkish market with Hitachi excavators, wheel loaders and crawler cranes since 1981. The new 12,000m² development is the latest addition to the Turkish dealer's branch network, which includes a number of regional offices, service centres and sub-dealers. Founded in 1972 ENKA Pazarlama is a sub-division of the la
  • JCB’s 2014 results hit by weaker BRIC trading
    May 18, 2015
    UK construction equipment manufacturer JCB reports lower sales than in the previous financial year. Sales turnover slid to €3.46 billion (£2.51 billion) compared with the €3.69 billion (£2.68 billion) achieved in the previous year. The firm recorded machine sales of 64,028 units, compared with 66,227 in 2013. Overall JCB says that despite improvements in some Western markets, falls in other sales territories hit overall business. The company also faced a one off restructuring cost of €15.14 million (£11 mil
  • Jose Antonio Nieto takes over as CECE president
    January 24, 2024
    Jose Antonio Nieto, chief executive of Putzmeister Iberica is the new president of the CECE, Committee for European Construction Equipment until the end of 2025.
  • A new battery facility for John Deere
    August 16, 2023
    John Deere is to build new off-highway battery facility in the US.