Displaying items by tag: Finland

Finland: Cargotec has signed an agreement with JCE Invest to establish a joint venture, Bruks Siwertell Group, specialised in dry bulk handling. The new joint venture will own Siwertell and Bruks Holding. Cargotec will own 48% of the shares in Bruks Siwertell Group and JCE Invest will own the remaining share.

"This joint venture supports Cargotec's strategy to focus on container ports, heavy industrial segment and logistics. Siwertell's business is outside these core focus areas, with different customers, customer locations and limited synergies with the rest of our businesses. By joining forces with JCE Group, we are able to create a company that will be a significant player in the bulk material handling with a globally competitive and specialised product portfolio," said Antti Kaunonen, president of Kalmar, part of the Cargotec group.

Siwertell is a supplier of ship unloaders, road-mobile unloaders, port-mobile unloaders, ship loaders, mechanical and pneumatic conveying systems, and bulk terminal solutions. Bruks specialises in mechanical-engineering and equipment supply for the bulk materials handling industries.

Finland: Engineering equipment supplier Metso has upgraded its Tampere plant to focus on track-mounted crushing units. The new assembly line has increased mobile crushing plant production by 25%. It says it can build a 50t track-mounted crushing plant in two working days.

"Demand for mobile Lokotrack crushers for aggregates took an upward turn 18 months ago, so the timing of our investment in capacity growth was right. We want to ensure that our production capacity can meet customers' growing needs," said Markku Simula, President, Aggregates Equipment business area at Metso.

The new assembly line has six assembly stations instead of the previous five. Currently, the line is used for assembling the company’s most popular crusher models. Assembly of larger and more complex models will begin in the spring of 2018.
Aggregate crushing plants have been built in Tampere for 98 years. The first jaw crusher was completed at the Lokomo workshop in 1921. Production of track-mounted crushing plants began in 1985.

Finland: Metso plans to divide its Minerals Services division into two separate business areas: Minerals Services and Minerals Consumables. The heads of the business areas will report to Metso's president and chief executive officer (CEO) and they will be members of Metso's executive team.

The Minerals Services business area will consist of spare parts and service solutions as well as supporting distribution and repair centre infrastructures. The Minerals Consumables business area will consist of wear part businesses together with the foundries and other manufacturing operations as well as supply chain infrastructure.

The new organisational structure will become effective at the beginning of 2018, and the presidents of the new business areas will be appointed in due course.

Finland: Perttu Louhiluoto, President of Metso's Minerals Services business area and a member of the Metso Executive Team, has decided to leave Metso by the end of 2017 at the latest. He has been employed by Metso since 2008 and has held several management positions in various Metso businesses.

Finland: Metso has signed a distribution agreement for its valve products with Process Control Equipment (PCE) to cover the UK, Benelux and Spain. Under the non-exclusive agreement, PCE will add to its current portfolio of Metso's Neles and Jamesbury product families for all process industries in all countries. PCE has been distributing Metso's Jamesbury valves in the UK since 2012.

"The new agreement brings benefits for Metso's customers in UK, Benelux and Spain to ensure better availability and service support for them. The expansion of distributors in these countries will bring additional value, including more local support, local inventories, and faster deliveries of our products," said Kyle Rayhill, Director of Global Distribution, Flow Control, Metso.

Finland: Miikka Riionheimo has been appointed as the chief executive officer (CEO) of Finnsementti with effect from 1 June 2017. He will replace the current CEO Kalervo Matikainen when he retires. Riionheimo has worked in a variety of roles for Hella since 2004 and also worked for Sandvik. He became the chief operating officer of Finnsementti in 2016.

China: Finland’s Enersize has signed a deal to provide its system for measurements and efficiency analysis of energy usage in industrial compressed air systems to the BBMG Liulihe Cement Plant. Installation of the system will start in the second quarter of 2017 and potential savings will follow after measurement data has been collected.

“BBMG fits this profile perfectly with many plants all over China and we are happy that we now have secured a first project with them,“ said Sami Mykkänen, the chief executive officer of Enersize.

Finland: Logistics company RL-Trans has ordered a Dino DS400 mobile bulk truck loader. The loader has loading bellows and a capacity of 90m³/hr. The Dino can be used to fill 53t into extra-large bulk trucks, such as those used in Finland, within two hours. Following the completion of a bulk terminal RL-Trans wanted to be able to deliver packed bulk goods. It then made the order via screw conveyor manufacturer Van Beek based in the Netherlands.

US: Terex Corporation has completed the sale of its Material Handling and Port Solutions (MHPS) business to Finland’s Konecranes for US$595m and Euro200m in cash and 19.6 million newly issued class B shares representing a 25% interest in Konecranes. The final transaction is subject to post-closing adjustments for cash, debt, working capital, MHPS actual 2016 EBITDA and the closing of the sale of the Stahl CraneSystems business.

“We believe that the Konecranes-MHPS combination represents compelling industrial logic that will deliver significant value to Konecranes’ customers, team members and shareholders, including Terex,” said John L Garrison, Terex president and chief executive officer.

Terex Corporation is a manufacturer of lifting and material processing products and services.

Russia: Eurocement Group has said that it is targeting exports of cement at Denmark and the UK. Company chief executive officer Mikhail Skorokhod said that ‘contracts in Denmark and Britain are forthcoming’ in an interview with PricewaterhouseCoopers that was recorded ahead of the St Petersburg International Economic Forum.

Exports by Eurocement to Finland and the Baltic states have been taking place since the end of 2015 with a gradual increase in sales volumes. In Finland the cement producer has a market share of 5%. Skorokhod added that the devaluation of the Russian Ruble has opened up export opportunities for the company. However, the company has not disclosed the volume of its exports, according to Interfax.

The overall volume of cement exports from Russia in January to April 2016 reached 230,000t with production of 13.6Mt, according to data from the Union of Cement Producers.