Mantsinen Group, which specialises in material handling machines and logistic services, will invest over €12 million in their factory facilities and equipment. The investment will be focused at a new production and office space, milling boring center and surface treatment line. This will be the most extensive onetime investment in production technology the company has made.
The main reason behind the investment is the rapid growth rate of sales of material handling machines during the previous years. Moreover, the company forecasts to double the turnover in the following decade (2020s). Heavy material handling machines and hydraulic harbor cranes have been gaining market from traditional solutions, thus speeding up the growth of Mantsinen sales. Over 80% of the production is exported worldwide.
“Our goal is to become a very significant supplier of material handling solutions globally. New investment on production technology allows the growth of production capacity and increasing the production efficiency, as well as increases our competitiveness on the market. This is an extensive investment for us, but on the other hand, only one phase of our comprehensive investment program.”, commented Mia Mantsinen, Chief Executive Officer of the company.
“New milling boring center and surface treatment line will meet both the existing and future needs in regards to size, capacity and functionality. Over 3,000m2 of new production space will be built, encompassing an assembly space in addition to the equipment. This relates to a growth of over 30% in our current production spaces.”
Construction will start in the coming autumn and the project is due to finish in the autumn of 2020.
Read the article online at: https://www.drybulkmagazine.com/material-handling/15072019/mantsinen-invests-over-12-million-on-their-ylmylly-factory-in-finland/