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

  • CONTROLS has developed a new business strategy
    April 4, 2013
    With the European economy in crisis and continuing shifts in the world order, manufacturers must re-think their business strategies if they are to succeed. Seasoned survivor Pasquale di Iorio, CEO of construction testing equipment specialist CONTROLS Group shares his plans for the future - Kristina Smith met him in Italy Pasquale Di Iorio has been at the helm of construction testing equipment manufacturer CONTROLS Group since 1996. First impressions suggest that Di Iorio is a strong leader: confidently dete
  • Geveko acquires French manufacturer Oré
    December 22, 2020
    Oré Peinture, which became part of Geveko Markings this month, has 185 employees.
  • Times they are a changing
    July 23, 2012
    Construction in China still appears to be on course for growth even with the gloomy economic outlook, as it enjoys "a strong budgets position." Patrick Smith reports One thing is certain in the current global economic climate: nothing is certain. And while China has not been unaffected by the economic events of recent months it has, according to Robert Zoellinck, president of the World Bank, a very strong current account and budgetary position. For some years, the nation has enjoyed double digit growth (the
  • Business outlook mixed: VDMA
    June 4, 2025
    The business outlook is mixed according to the VDMA.