Lars Hellberg

Summer Greetings

Dear customers, business partners and the Fortaco team,

The first half of 2021 has been an extraordinary busy time period. Our order intake is record high, and we can still see +50% growth in order intake, which will contribute to record high turnover in 2021. We are planning our activities around Fortaco Go Green by scrutinizing in-house sustainability strategy and related actions. We are listening to customers and the market, in regard to e-mobility, and fossil free steel of the future. We are digitalizing our operations to make them more simple and more efficient.

We still experience the Corona pandemic around us. Fortaco has managed the situation fairly good, our teams at factories have managed to secure operations with limited impacts. I appreciate the open and constructive dialogue with customers.

Endless commitment to safety

I am very pleased to see our employee’s endless commitment on safety. As we know, initially safety is to secure right equipment, however, the most important is the individual behavior and endless commitment: stop - think – act, on a continuous basis. We have moved from having several incidents per month to having several months without incident. This proves it is indeed possible to run with zero incidents in Fortaco Group. We have launched a Safety Handbook to present our safety strategy, as a reminder to all of us. The devil is in the details, we all know, an injury can happen in any minute - let us stay safe.

Master of Flexibility – critical success factor

Master of Flexibility (MoF) is a key strategic cornerstone for our success. We expect MoF to be a critical success factor for Fortaco for many years to come, because the possibilities for improvement are endless, and our customers’ requirements continuously change. Together with customers, we have reduced lead-time from several weeks to several days. We have also launched a Master of Flexibility Handbook, and our plan is to run an intensive in-house training in the second half of 2021.

Business Site Gruza in Serbia

Fortaco acquired a new Business Site in Serbia, which has been integrated with respect, simplicity and speed. New Business Site provides Fortaco and its’ customers with new capacity within steel fabrication and assembly business. As our key capabilities, we are currently manufacturing high-tech large winches. Our focus is to identify customers within Fortaco’s large customer portfolio, and generate additional business in a coming time period.

Have a great summer season

It is time for holidays. The first half has been hectic and excited, and the outlook for the second half is showing even more growth for many products and customers.

I would like to thank all of you for the strong commitment – together we will ‘Make Tomorrow Safer and Better’. Enjoy the summer with your nearest and friends. Stay safe, we will have a strong market ahead of us and orders going forward.

With best personal regards,

Lars Hellberg
President & CEO


Safety

Safety record at Fortaco - Business Site Sastamala achieved 1000 days

A new safety record has been achieved at Business Site Sastamala, 1000 days without a lost time injury. The last accident, with the lost time from work, happened in October 2018. Since then, a lot of things has been changed.

Several improvements and development ideas have been executed to achieve 1000 days without injuries. One important change has been to start using a safety observation tool. All workers have a possibility to report unsafe condition. The safety tool alone, does not impact on safety culture, but it has been enabling discussions around safety, and turned attention to small details, which can be done in a safer way. By this, the already existing commitment towards safety has been further improved and become even stronger on each level of organization.

Also, another impressive safety record has been achieved in Sastamala beginning of June, the Load & Hauling Assembly Department has been working for more than 3000 days without any lost time injury.

Great and impressive – congratulations to the team!


Enjoy the Holidays

Fortaco Team is wishing everyone relaxing and peaceful Easter holidays.
We hope your days will be filled with great spring spirit, and something you dearly value.


Marine Industry

Fortaco strengthens its’ offering in marine industry

Rapp Zastava has long traditions and it represents an established brand in the field of production and maintenance of machines and equipment within the engineering industry. Zastava brand was established as part of a foundry specialized in the military equipment. In 2006 Norwegian Rapp Marine Group become the new owner and later transferred the production facility into the new location in Gruza in 2014.

The republic of Serbia has a favorable location. It is positioned at the intersection of two major European corridors in South-East Europe and connects with Austria, Hungary, Slovenia, Croatia, Bulgaria, and Greece.

Major customers are well known and respected brands in the energy and marine industry. The company has a good asset base and a well invested machine park and testing facility. The region has a long industrial history and good access to skilled and well-educated workforce.

We are excited about the new possibilities, which we can offer to our customer in the future.


Fortaco expands footprint in Serbia

Fortaco Group has acquired Rapp Zastava, a Serbian company providing winches and other solutions to the marine industry. Rapp Zastava employs 150 people. A modern factory, located in Gruza, has been built in 2014 with 10.000 m2 of production space.

By this acquisition Fortaco is expanding geographical presence and offering in the marine business. This provides Fortaco and its’ customers with new capacity within steel fabrication and assembly business, also in the off-highway segment.

We would like to wish the Gruza team warmly welcome to the Fortaco family.

Press release 2.3.2021


Fortaco Seasons Greetings Banner

Fortaco team wants to thank you for the extraordinary year

2020 is the year we will remember as the global crisis for the human beings. The corona virus is here to stay, and the world must be ready to accept the ‘new normal’ until a vaccine will prevent the illness. The Covid-19 disease has caused sever damages for the human beings and the financial turmoil for some, for some not. The way to socialize, live and work has changed.

The off-highway equipment industry has faced impacts, in the spectra of slight to intensive. At Fortaco, we have turned around the way we are operating since mid-March: secured deliveries on-time, optimized individual employee protection, optimized sales to delivery planning with business partners, secured healthy cashflow, stopped travelling, met business partners in virtual and limited face-to-face meetings only when absolutely necessary.

Our philosophy is simple – no panic, we are professional and will manage the crisis. With speedy actions by all Fortaco teams we have secured healthy liquidity and good profitability, despite of decline in sales.

Dear customers, business partners and colleagues, we want to thank you all for the extraordinary year 2020 and for the tight collaboration.

Wishing you a Peaceful Christmas Time with your nearest ones and a Successful Year 2021 – aligned with the ‘new normal’.

Stay safe,
Fortaco Team

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Instead of traditional Christmas gifts, Fortaco has made a donation to charity:


Narva factory extension

Ever wondered, what does it look like to build a 10 000 m2 factory? Our partner Rand & Tuulberg not only did a great job as our partner in the factory extension project, they also filmed and edited an enjoyable clip for us to watch.

Layer by layer the magic was made - thank you for a good cooperation!

http://https://www.youtube.com/watch?v=kwKoaQk4C_0

 


Alihankinta.fi Subcontracting fair banner Fortaco

Fortaco goes virtual - again

Fortaco is participating Subcontracting Trade Fair. Let's meet up online for networking and pick up the latest insights and industry innovations!

Subcontracting Trade Fair brings together industrial companies, experts and decision-makers. It is packed with new innovations, and you can meet with peers within the industry from Finland’s and Europe’s B2B scene.

This year, we will meet each other in a virtual Subcontracting event on 8–10 December. There will be plenty of live program, pre-recorded videos, and great opportunities for networking with experts and professionals in the manufacturing industry. Participation in the event is free of charge for visitors.

Join the networking event together with us!

Link to the event: https://www.alihankinta.fi/fi/

 

Subcontracting fair


Narva factory extension timelapse

Ever wondered, what does it look like to build a 10 000 m2 factory? Our partner Rand & Tuulberg not only did a great job as our partner in the factory extension project, they also filmed and edited an enjoyable clip for us to watch.

Layer by layer the magic was made - thank you for a good cooperation!

https://www.youtube.com/watch?v=kwKoaQk4C_0


Construction Equipment Forum 2020 goes virtual

The aim for Construction Equipment Forum Nov 30 - Dec 1 is to network the players along the entire value chain within the construction equipment industry, even across national borders, and enable exchange of knowledge and experience. In order to ensure the aim for CEF will be achieved, it has been decided to arrange the conference as virtual, due to recent development in the spread of Corona virus.

The management conference brings together the players in the entire value creation chain within the construction machinery industry. More than 500 manufacturers, suppliers and customers from all sectors will exchange information in virtual during two days, make new contacts, and enrich each other's lives. The event is rounded off by a virtual innovation exhibition with 60 inspiring solutions and products.

Fortaco Group will also participate by a virtual stand. Dr. Rafal Sornek, Senior Vice President, Fortaco Technology, will give an online presentation on “Residual value of a machine - value enhancement through combination of IoT and blockchain technologies”.

Read more about the Speakers & Experts: https://www.constructionforum.eu/speakers

We are inviting you to register and visit the conference by using this link: https://www.constructionforum.de/anmelden

Welcome – and see you in virtual!