Mantsinen Group, specializing in material handling machines and logistic services, will invest over 12 million euros 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.
From Finnish Lakeland to global markets
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 per cent 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, says Mia Mantsinen, CEO of the company.
This type of investment is done for long run, and investment needs to adapt to future needs for decades to come. Modern equipment and spaces also add to the safety and ergonomic of the employees, and therefore hopefully to the well-being at work.
– 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 (32,000 sq. ft) of new production space will be built, encompassing an assembly space in addition to the equipment. This relates to a growth of over 30 per cent in our current production spaces, Mia Mantsinen notes.
Mantsinen has recruited over 30 new people in the last years, and the organizational growth is expected to continue along with the investment. Even now, the company is seeking skilled persons for multiple positions from production to customer service to management.
Strong both locally and globally
The construction will start in the coming fall and the project is due to finish in the fall of 2020. The intensity of the project schedule is fitting for a company that has always wanted to challenge itself. With the intense growth, the roots of our company increases in meaning.
– Our people have an amazing spirit of doing. We do this with a passion and we are strongly committed to continuously create new solutions to material handling community. On our way to a global influencer, we want to maintain the same spirit of entrepreneurship we have had for over 50 years. It is important for me that we continue to stay devoted to our values and our way of doing this in the future.