HANZA Develops Operations in Finland


Reading time ( words)

HANZA, listed on Nasdaq Stockholm, continues to experience high demand, and has decided on investments of approximately SEK 30 million in Finland.

HANZA Holding AB (publ) offers complete and regional contract manufacturing. At the beginning of 2021, operations in Finland were expanded through the acquisition of a manufacturer of sheet metal mechanics in Joensuu. The expansion has been well received by the market, and to meet increasing demand HANZA now makes investments in production equipment for machining and sheet metal mechanics, to a total of approximately 30 MSEK.

“We are carrying out an investment program that increases efficiency – and thus capacity – while lowering our production costs. Earlier this year, we decided on investments in our manufacturing clusters in Sweden and China and we are building a new production facility in the Baltic cluster. As the next step in our program, we are now investing in our Finnish operations,” says Erik Stenfors, CEO HANZA.

"The underlying reason for all investments is the same; to meet a growing demand for manufacturing near the end market. Our concept lowers manufacturing costs and increases flexibility. Local production also results in lower carbon dioxide emissions, which is extremely important,” says Erik Stenfors.

Share

Print


Suggested Items

What's Up in Scandinavia's EMS Industry?

09/18/2017 | Dieter G. Weiss, Weiss Engineering
Scandinavia, consisting of Denmark, Norway, Sweden, and Finland, is relatively small in regards to the overall European EMS revenues, and counts for less than 6% of the European EMS production value. Nevertheless, more than 160 companies offer EMS services, not to mention companies who only manufacture cable harnesses or just do design work, box building, and after-sales services.



Copyright © 2021 I-Connect007. All rights reserved.