Top 10 Largest Manufacturing Companies in Finland
Finland is a country known for its highly educated workforce, technological innovations, and commitment to sustainability. In this article, we will explore ... read more...the largest manufacturing companies in Finland.
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Kone is an elevator engineering company with approximately 60,000 employees in 60 countries. It was formed in 1910 and is now located in Espoo, Finland, near Helsinki. Kone has been managed by the Herlin family since 1924. Harald Herlin bought the company in 1924 and was chairman until 1941. From 1941 to 1987, his son, Heikki H. Herlin, took over his father's position. Pekka Herlin joined Kone in 1954 and replaced his father as president in 1964. Antti Herlin, Pekka Herlin's son, has served as chairman since 2003. Antti Herlin owns 62% of the voting rights and 22% of the shares in the Nasdaq Helsinki-listed company as of December 2019.
Kone's mission is to provide users and customers with simplicity, effectiveness, and experiences throughout the life cycle of a building. Kone believes that the best experience can be achieved by collaborating with customers and partners at every stage of the process, from early engagement to equipment upgrades.
Kone is present in more than 60 countries and serves over 550,000 consumers. Kone has eight global R&D centers and 10 manufacturing sites in seven countries, as well as a global network of agents and authorized distributors, with headquarters in Helsinki, Finland.
Founded: 27 October 1910
Headquarters: Espoo, FinlandWebsite: https://www.kone.com/en/
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Stora Enso is a manufacturer of pulp, paper, and other forest products with headquarters in Helsinki, Finland. The majority of sales are made in Europe, although considerable operations are also made in Asia and South America. Stora Enso was created in 1998 by the combination of Enso Oyj in Finland and Stora Kopparbergs Bergslags Aktiebolag (STORA) in Sweden. Stora Enso has had several forms and diverse activities, including worldwide expansion, mergers, and acquisitions, all while tackling new business problems, with roots dating back to the 1300s.
Stora Enso was rated seventh in the world in terms of revenue and fourth in terms of profitability among forest, paper, and packaging companies in 2015. For the first two quarters of 2018, the company ranked second in the European forest and paper industry in terms of net earnings. The company's origins may be traced back to the world's oldest known preserved share certificate, issued in 1288. According to some observers, Stora Enso is the world's oldest limited liability firm.
Stora Enso's purpose, "Do good for people and the planet and replace non-renewable materials with renewable products," underpins the company's belief that everything that can be made with fossil-based materials today can be made from a tree tomorrow, and emphasizes Stora Enso's opportunity to contribute to a greener economy. The company's purpose and principles are emphasized by its ongoing commitment to promoting a more sustainable future, one that is less reliant on fossil fuels and supports a bioeconomy in which product production and consumption are based on wood as a renewable resource.
Founded: 1998
Headquarters: Helsinki, Finland
Website: https://www.storaenso.com/en/ -
UPM-Kymmene Oyj is a Finnish corporation in the forest sector. In 1996, Kymmene Corporation merged with Repola Oy and its subsidiary United Paper Mills Ltd to establish UPM-Kymmene. UPM is divided into six business divisions: UPM Fibres, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers, and UPM Plywood. The Group employs around 17,000 people and operates production plants in 11 countries. UPM stock is traded on the NASDAQ OMX Helsinki platform. UPM is the only paper company on the Dow Jones Sustainability Index, and it is also a member of the United Nations Global Compact.
UPM-Kymmene Oyj targets sustainable growth as a bioeconomy pioneer. High performance, innovation, and world-leading responsibility are the hallmarks of the corporate strategy, enabling customers and consumers to make more sustainable choices and creating solutions for a post-fossil-fuel future.
Across six business areas, they provide renewable and responsible solutions while also innovating for a future without fossil fuels. UPM goods are created from renewable raw materials and are recyclable, and they serve consumers all over the world. In six business categories, UPM makes fiber products, wood products, molecular bioproducts, and low-emission energy. These business segments are linked by a common concept: creating value from renewable and recyclable raw materials by combining know-how and technology.
Founded: 1996
Headquarters: Helsinki, FinlandWebsite: https://www.upm.com/
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Outokumpu Oyj is an international company headquartered in Helsinki, Finland, with 10,600 employees in over 30 countries. Outokumpu is Europe's largest producer of stainless steel and the Americas' second largest manufacturer. Its headquarters are in Helsinki, Finland, and its stock is traded on the Nasdaq Helsinki since 1988.
Outokumpu Oyj is also a mining company with a long history, and it currently mines chromium ore in Keminmaa for use as ferrochrome in stainless steel. The Government of Finland owns 26.6% of Outokumpu, including shares held by Solidium, The Social Insurance Institution of Finland, The Finnish State Pension Fund, and Municipality Pension Agency.
The company's product offering spans 9 product lines, including austenitic, ferritic, duplex, and martensitic stainless steel grades, as the originator of stainless steel and with a century of competence in manufacturing sophisticated materials. Outokumpu's production plants in Finland, Germany, Mexico, Sweden, the United Kingdom, and the United States create a comprehensive range of stainless steel products, including hot and cold rolled coils, quarto plate, and long products in a variety of grades and sizes. Outokumpu Oyj also has a global network of sales firms and service centers. Outokumpu has a distinct competitive edge in Finland due to its own chrome mine and ferrochrome production.
Founded: 1914
Headquarters: Helsinki, Finland
Website: https://www.outokumpu.com/en -
Norilsk Nickel Harjavalta is a wholly owned subsidiary of Nornickel located in Harjavalta, Finland. Nornickel's Russian feedstock and nickel-bearing raw materials supplied from third-party suppliers are processed at the facility. It is Finland's only nickel refinery and one of Europe's top nickel producers, having been established in 1959. Nickel cathodes and briquettes, nickel salts, powders, and solutions, cobalt sulfate and solution, and PGM-bearing copper cake are the final products of Norilsk Nickel Harjavalta.
Norilsk Nickel Harjavalta produced 63.4 kt of saleable nickel in 2020 (up 1.5% year on year), an all-time high for the refinery. The rearrangement of refining facilities and increasing nickel feedstock supplies from Kola MMC drove this rise. The Company decided to phase in increased nickel production capacity at Norilsk Nickel Harjavalta beginning in 2021.
Harjavalta has a nickel product capability of 66 ktpa. The facility employs sulphuric acid leaching, which achieves metal recovery rates of more than 98%, and is considered the best practice in the global mining and metals business. Norilsk Nickel Harjavalta contributed 27%, 1%, and 1% of the Group's total nickel, copper, and PGM finished products, respectively, in 2020.
Founded: 1960
Headquarters: Harjavalta, FinlandWebsite: https://www.nornickel.com/business/assets/kola-division-finland/
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Lumene, one of the largest manufacturing companies in Finland, is a cosmetics manufacturer situated in Kauklahti, Espoo. Lake Lummenne in Kuhmoinen, Central Finland, inspired the brand's name. The vast majority of Lumene products are designed and manufactured in Finland. Finland, Scandinavia, the United Kingdom, and China are the company's primary markets.
Lumene is a pioneer in the field of circular beauty. Lumene is the leading beauty brand in Finland according to the Sustainable Brand Index 2022. The goal is to develop a long-term leading product portfolio based on circular economy concepts. When compared to the previous launch, the sustainability of each product remodeling is improved. 50% of the 42 Nordic natural ingredients are upcycled from the food and forest industries. Between 2019 and 2021, factory emissions were reduced by 92%.
Lumene reduced the water usage in their products by 40% between 2007 and 2019. Their products feature long-lasting Arctic Spring Water. Before being retrieved through a hole in the ice, the water is filtered via sand and gravel layers. Because of its low mineral content, water serves as a neutral basis for additional active substances. To help minimize water consumption, the firm launched the WaterSmart program in 2010. Lumene reduced its water use in production by 40% between 2007 and 2019.
Founded: 1948
Headquarters: Espoo, Finland
Website: https://www.lumene.com/ -
Metso Outotec Oyj is a publicly traded Finnish corporation that was formed in 2020 by the merger of Outotec and Metso Minerals. It is a provider of end-to-end solutions and services. It provides services such as spare and wear parts, maintenance and repairs, modernizations, upgrades, and retrofits, as well as training. The aggregates, minerals processing, and metals refining industries are served by the company. It provides a wide range of goods, technology, and services to customers in the aggregates, mining, and metals industries.
Metso is a global leader in sustainable technology, turnkey solutions, and services for the aggregates, minerals processing, and metals refining industries. With their product and process knowledge, they help their customers save energy and water, increase productivity, and reduce environmental concerns.
As one of the largest manufacturing companies in Finland, the company has a global presence with operations in over 45 countries, employs over 15,000 people, and offers a diverse range of products and services such as equipment, systems, and services for minerals processing, metal refining, aggregates, and recycling.
The company's goal is to be a top-tier company with a strong emphasis on digitalization. They give data and analytics to help customers optimize their equipment and operations, and they strive to create a digital customer journey throughout the whole equipment lifecycle.
Founded: July 1, 2020
Headquarters: Helsinki, FinlandWebsite: https://www.metso.com/?r=3
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Wärtsilä Oyj Abp, sometimes known as Wärtsilä Corporation in the worldwide market, is a Finnish corporation that manufactures and supports power sources and other equipment in the marine and energy markets. Wärtsilä's core products include energy sector technologies such as gas, multi-fuel, liquid fuel, and biofuel power plants and energy storage systems, as well as marine sector technologies such as cruise ships, ferries, fishing vessels, merchant ships, navy ships, special vessels, tugs, yachts, and offshore vessels. Online services, underwater services, turbocharger services, and services for the maritime, energy, and oil and gas businesses are all available. The corporation employs about 19,000 people as of the end of June 2018.
Wärtsilä's primary sectors are Energy Business, which focuses on the energy market, and Marine Business, which focuses on the marine market. The Marine Business is mostly present in Europe, China, and East Asia, whereas the Energy Business is primarily active in South and South East Asia, the Middle East, Africa, and Latin America. Wärtsilä has offices in over 80 countries and works globally.
Following acquisitions of companies such as Transas, Greensmith, Guidance Marine, and MSI, as well as the establishment of "digital acceleration centers" in Helsinki, Singapore, Central Europe, and North America, the company has signaled its intention to transform from an equipment maker to a smart marine and energy company.
Founded: 12 April 1834
Headquarters: Helsinki, Finland
Website: https://www.wartsila.com/ -
Valmet is a Finnish corporation that is a global leader in the development and supply of process technology, automation, and services for the pulp, paper, and energy industries. They offer an even broader range of process industries with automation systems and flow control solutions.
Valmet, which was previously held by the Finnish government, was revived in December 2013 with the demerger of Metso Corporation's pulp, paper, and power operations. The company has been in business for over 220 years and has a good track record of ongoing improvement and renewal. A significant milestone was reached in 2022 when the flow control company Neles was incorporated into Valmet.
Maintenance outsourcing, mill and power plant enhancements, and spare parts are among the services provided by Valmet. The firm develops technologies for pulp, tissue, and board-and-paper mills, as well as bioenergy plants. Valmet operates in over 40 countries and employs around 17,000 people. Valmet's headquarters are in Espoo, and the firm is traded on the Nasdaq Helsinki exchange. Valmet's net sales in 2022 are expected to be over EUR 5.1 billion.
Valmet was named to the Dow Jones Sustainability Indices (DJSI) for the sixth time in 2019. The company was included in the Dow Jones Sustainability World and Dow Jones Sustainability Europe indices. Furthermore, Valmet was named to the CDP's annual A-list of the finest firms for environmental transparency and performance in January 2020.
Founded: December 2013
Headquarters: Espoo, FinlandWebsite: https://www.valmet.com/about-us/
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Huhtamäki Oyj is a Finnish consumer packaging company that manufactures food packaging, disposable containers, egg cartons, and fruit packaging for quick-service restaurants, coffee shops, retail stores, caterers, and vending operators.
The company has a 100-year history and a strong Nordic background, and they operate in 37 countries and 114 sites worldwide. Their 19,600 employees are hard at work developing clever next-generation packaging. Its net sales for 2021 reached EUR 3.6 billion. Huhtamaki Group is headquartered in Espoo, Finland, and its main company, Huhtamäki Oyj, is traded on the Nasdaq Helsinki Ltd.
They are well placed to support clients' success wherever they operate, thanks to the company's global network of manufacturing and sales units. They design and deliver packaging solutions for consumers all over the world, enabling well-being and convenience, by mastering three separate technologies that they divide into three business sectors.
As one of the largest manufacturing companies in Finland, Its goal is to be the top choice for sustainable packaging solutions around the world. Every day, they work hard to earn this position by leading creative solutions that provide sanitation and safety for food on the shelf and food on the go. They believe in protecting food, people, and the environment, as well as promoting the affordability and accessibility of food and other requirements for people all over the world.
Founded: 1920
Headquarters: Espoo, Uusimaa, Finland
Website: https://www.huhtamaki.com/en/about/