Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
From design to delivery, whether it is components weighing several tonnes, lifting booms for cranes, precision welding, operator cabins or finely machined engine parts; there is no doubt of the increasing importance of the sub-contractor’s role for a wealth of industries and projects of varying size and scale.
Few companies can claim to work as a partner starting from planning, technology and engineering to final assembly and delivery. However, Fortaco, based in Finland, is doing just that. The company has ambitions for further growth in Europe and is opening a new sales office in Dusseldorf, Germany.
Fortaco, which can count some of the biggest global names in heavy industry as its customers, will open the new premises during summer 2014, to cater for the European markets and customers. It already has over 2000 employees and has production sites in Finland, Estonia, Poland, Hungary and Slovakia. It also has sales offices in Finland, Sweden and the Netherlands.
The new office will be headed by Jochen Adam-Mueller, vice president for business development in Central Europe.
“With our new sales office, Fortaco will be in a better location to be closer to our European customers. We will strengthen our position in an important market, where we bring value throughout the whole value chain, from component creation to final assembly, which sets us apart from our competitors,” said Mr. AdamMueller. “Fortaco’s mission is ultimately to create that value for our customers by reshaping the way things are produced and there is a big potential in Europe,” he added.
About Fortaco Group Oy
Fortaco Group Oy was created through a merger of the Komas and Ruukki engineering businesses in December, 2012. With headquarters in Helsinki, Finland, the company has since grown into one of Europe’s leading manufacturing partners for the engineering industry. Fortaco’s service portfolio includes welded components and structures, operator cabins, assembly and turnkey deliveries, as well as machining and outsourcing services. The company has around 2,300 staff and offers highly specialized engineering competencies across the entire supply chain through its production sites in Finland, Estonia, Poland, Hungary and Slovakia.
www.fortacogroup.com
