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

  • Volvo CE articulated haulers in Missouri deep
    May 24, 2013
    In southeast of US state Missouri, Volvo Construction Equipment articulated haulers are working in the mines of the Viburnum Trend, an area well known for its rich offering of valuable mineral deposits, including zinc, copper and lead. At 64km long by an average of 152m wide – and in some parts as thick as 30.5m deep – the Viburnum Trend, known locally as the Lead Belt, is one of the most significant bodies of ore in the world. Before mining operations began, the Trend was estimated to contain mineral resou
  • Caterpillar eyes better performance in 2015 amid stormy weather
    May 13, 2015
    Caterpillar vice president Paolo Fellin sums up the past year for the global equipment manufacturer and looks at the increasing importance of telematics and machine control. David Arminas reports from Caterpillar’s Demonstration and Learning Centre in Malaga, southern Spain First the good news. Despite the difficulties, especially of the financial markets, 2014 was “a record year for a lot of things” for global heavy equipment maker Caterpillar.Now the bad news. Hang onto your seats because despite some
  • Metso Outotec begins its operations
    July 1, 2020
    Metso Outotec, a new company with leadership in sustainable minerals and metals processing and recycling technologies, begins operations today.
  • Liebherr is optimistic for its financial performance
    November 25, 2014
    At bauma China 2014, Liebherr announced new machines while also revealing its latest results. The company is optimistic for its financial performance, despite tough market conditions at present.