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

  • Fayat Group posts strong financial results
    February 18, 2020
    The Fayat Group has posted strong financial results.
  • JCB’s new India factory complex
    January 6, 2017
    JCB is to open a new India production factory complex as part of an ambitious global manufacturing and sales growth strategy. Speaking during JCB’s Conexpo 2014 press conference, JCB ceo Graeme Macdonald said, “We continue to invest for our future. Following the 2012 opening of our US$100 million factory in Brazil, we’re now planning to open later this year JCB’s $100 million factory complex in Jaipur – our fourth in India. It’s actually two factories, covering 700,000 square foot on a 114-acre site. It’s
  • JCB’s new India factory complex
    March 6, 2014
    JCB is to open a new India production factory complex as part of an ambitious global manufacturing and sales growth strategy. Speaking during JCB’s Conexpo 2014 press conference, JCB ceo Graeme Macdonald said, “We continue to invest for our future. Following the 2012 opening of our US$100 million factory in Brazil, we’re now planning to open later this year JCB’s $100 million factory complex in Jaipur – our fourth in India. It’s actually two factories, covering 700,000 square foot on a 114-acre site. It’s
  • New tests, new technology, new users: why materials testing is a growing market
    February 7, 2017
    A look back at some of the developments this year, and a look ahead to what may come next reveals the increasing use of materials testing. New technology and new ways to process and analyse data will drive change even further - Kristina Smith reports For materials testing equipment manufacturers, constant change is business as usual. New tests emerge, new standards are written and new practices spread around regions and the world. There are also new materials to deal with: bitumen modified with polymers