27.12.2013

SEW-Industrial Gears aims to double its production in Finland

German company SEW-EURODRIVE’s Finnish subsidiary acquires new manufacturing and office premises.

The Finnish subsidiary of the German manufacturing company SEW- EURODRIVE is increasing its production of industrial gears in Finland through the acquisition of new manufacturing and office premises from Sponda Fund II Ky., located in Karkkila, southern Finland. The surface area of the new premises is 14,000 square metres and the total value of the investment over the next few years is EUR 15-20 million.

According to the subsidiary SEW Industrial Gears, the new premises support SEW- EURODRIVE’s global growth strategy and its service business in the Nordic countries. The investment enables the doubling of the SEW Industrial Gears’ present production volume in Finland. More than 90% of the industrial gears manufactured in Finland are for export.

Confidence in Finnish know-how

According to Jari Marttala, CEO of SEW Industrial Gears Oy, the investment demonstrates the confidence of the SEW-EURODRIVE Group in Finnish know-how and its commitment to the long-term development of the industrial gear business.

SEW Industrial Gears Oy has operated in Karkkila since 2000 and employs 140 people. Its customers include machine manufacturers and the shipbuilding, mining and construction industries. The SEW-EURODRIVE Group’s global turnover is about EUR 2.5 billion and it has 15,000 employees.

Sources: SEW Industrial Gears, Tekniikka&Talous