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.
March 7, 2012 Read time: 2 mins
A Normet Charmec underground explosive charge places explosives
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.

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

  • LiuGong is investing in product development and manufacturing
    October 11, 2013
    LiuGong has been investing heavily in manufacturing and product development, as well as building international distribution – vice president David Beatenbough spoke with Mike Woof One of Chinese leading producers of wheeled loaders, LiuGong has an increasingly international flavour. The company has perhaps a larger contingent of North American and European executives and employees working in China than most of its competitors in the country.
  • Developments in compact asphalt compaction
    February 20, 2012
    An array of new models has increased competition in the market for compact asphalt compaction products - Mike Woof reports
  • Doka lays foundation stone for new logistics centre
    July 15, 2013
    Globally renowned formwork technology firm Doka has laid the foundation stone for its new logistics centre for Germany. The new 11.4 hectare facility, being built within an industrial estate on the B 87 highway near the town of Apolda in Thuringia, is earmarked for completion by the end of this year. The first phase will initially create around 40 new jobs. The Doka Group is investing around US$18.28 million (€14mn) in this initial phase, as part of the ongoing development of its worldwide distribution and
  • LiuGong closes Dressta deal
    March 21, 2012
    Chinese manufacturer LiuGong Machinery has finalised its agreement to acquire Polish firm HSW (Huta Stalowa Wola) and its distribution subsidiary, Dressta. The agreement was signed by executives from both companies in Warsaw.