Investments in companies - 22.1.2015
Image: Valmet Automotive
Valmet Automotive expanded its business considerably in 2014. The daily production pace of the Mercedes-Benz A-Class at Uusikaupunki plant had significant rise throughout 2014, with the company turnover exceeded 300 million Euros.
The activities at Uusikaupunki plant have expanded, as the number of employees there has risen from 850 to around 1600. Furthermore, about 350 people from partner companies are working at the plant. The production volumes have risen from 7600 units in 2013 to more than 45000 units in 2014.
Daimler and Valmet Automotive expect the Uusikaupunki production volumes to continue rising significantly in 2015, with Valmet Automotive aiming at a new manufacturing record volume this year. The current record of 47 000 cars dates from 1992.
”We are very pleased with the way our organization has ramped up the production throughout the year without disturbances to product deliveries. The product quality has continuously remained excellent and the organization has been acknowledged for this by the customer”, says Jarkko Sairanen, Chairman of the Board.
Valmet Automotive’s ownership structure has changed as Finnish Industry Investment Ltd and Pontos bought Metso’s share of the company. Together with the company management, they now own all company shares.
”Part of Metso’s strategy was to sell ownership in Valmet Automotive, and it was carried out as planned. The change in ownership does not affect Valmet Automotive’s daily operations in manufacturing, engineering or roof business services. Our strategy and targets are clear, and we are in good positions to reach the targets we have set”, says Sairanen.
Industry Investment and Pontos became company owners in 2010, enabling the purchase of roof systems business in Central Europe, which has increased Valmet Automotive’s business with all important German car manufacturers.
“In the longer run, we are obviously interested in probing alternatives to find co-owners that share a strong industrial logic with Valmet Automotive”, says Sairanen.
Mikael Mäki, Communications Manager
Phone +358 20 484 8011, E-mail mikael.maki(at)valmet-automotive.com
Valmet Automotive is an experienced provider of automotive engineering, vehicle manufacturing, convertible roof systems and related business services. Our special areas of expertise are premium cars, convertibles and electric vehicles. We employ over 2,000 professionals in Finland, Germany, Poland and China.