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

  • Cummins positive about 2021 growth after resilient trading in 2020
    February 5, 2021
    Major off-highway diesel engine maker Cummins expects good growth in key regional market sales in 2021 after reporting resilient trading in COVID-19-hit 2020.
  • Increased asphalt demand - meeting the challenge
    February 8, 2012
    With demand for asphalt predicted to increase, manufacturers are ready to meet the challenge as Patrick Smith reports
  • Liebherr sees steady performance worldwide
    June 8, 2015
    The Liebherr Group has seen a steady financial performance in 2014, with turnover reaching a healthy €8.823 billion, similar to the previous financial year. The company continued to invest in developing its operations, spending €816 million in expanding and modernising its manufacturing facilities and also strengthening the sales and service organisation. The number of employees has now risen to 40,839 in total. The €8.823 billion turnover was slightly lower, 1.6%, than for the previous financial year howev
  • Asian bitumen producers look overseas for business opportunities
    March 4, 2015
    While demand in some parts of Asia is strong, other countries such as China have been suffering from oversupply - World Highways reported from the Argus Asia-Pacific and Middle East Bitumen Conference in Singapore. Asia overtook the Americas as the world’s largest consumer of bitumen in 2012, with China accounting for the lion’s share – nearly two-thirds – of consumption. However, attendees at the Argus Asia-Pacific and Middle East Bitumen Conference held in Singapore on 24th-26th September last year heard