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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

 


Subcontracting fair

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!


Mining

Spirit of Commitment

During the Corona outbreak it is good to remember that business continues despite the recent restriction across Europe. In Sastamala, Finland we have celebrated the roll-out of the 2500th completely assembled mining machine for one of our important customer. Special congratulations to the local team for the achievement of this great milestone during these special times.

Recently, governments across Europe have started to lift Corona restrictions on people and businesses. However, the Covid-19 situation remains challenging, and we are following all earlier implemented preventive measures at our factories. Our priority is to continue protecting our people and local communities from spreading the virus, as well as protecting our cashflow.

Fortaco factories are operative since the outbreak of Covid-19, we have managed with the supply without any major disruptions. We are closely monitoring the market demand, as our customers are slowly increasing orders and/or slowly reopening their factories. However, we still have a long way to go, both with ups and downs, before the crisis is behind us.

We would like to thank all our partners for the support and trust in tomorrow during the challenging times.


Holiday Greetings

We are wishing you a peaceful and safe Easter. Despite the serious and special circumstances we hope everyone can still find their time to relax and enjoy the holidays.

Fortaco operations are still stable and we are not experiencing any major disturbances. We would like to thank our great team for keeping up with the safe and health instructions.

Let's keep the way forward.


Fortaco operations solid and safe

Following the outbreak of the Corona virus Covid-19, European governments have taken several health-related border management measures and limitations to people and businesses. The aim is to protect citizens' health and make sure that essential goods and services remain available.

Fortaco has also taken measures to keep our people, working places, and operations safe. We have imposed number of restrictions at our factories to protect our people and prevent infection. We are closely following local regulations and recommendations made by local authorities.

To confirm our earlier messages, we are not experiencing any major disturbances in our operations, and supply chain, and we are continuing with the normal production output. We are in a close communication with our customers and suppliers to secure smooth production and delivery of goods.

We will continue to update all our stakeholders as developments occur, but in the meantime, we hope everyone remains safe and healthy and would like to thank everybody for continued support.

Please do not hesitate to contact local Fortaco representatives for more information.

Marcus Engman
Senior Vice President
Marketing and Sales


Corona virus update, 18 March

Following the outbreak of the Corona virus Covid-19, the European Commission presented guidelines to Member States on health-related border management measures in the context of the COVID-19 emergency on 16 March. The aim is to protect health of citizens, ensure right treatment of people who have to travel, and make sure all essential goods and services remain available.

In all countries, Fortaco has manufacturing operations, there are limitations to enter the country. In addition, kindergartens, schools and universities, as well as public spaces and places are closed for the time being. However, it is important to note that these control measures are not causing any serious disruptions for international transportation.

We are closely monitoring order intake and supply chain situation and try to limit exposure to our operations. So far, we have not experienced any major disturbances in our operations and supply chain, and we are able to continue with normal production output. However, we are connected to the real situation and able to make appropriate actions quickly.

Fortaco has also taken extraordinary measures, based on the best available knowledge and equipment, to keep our people, working places and operations safe. We have imposed number of restrictions in our factories to protect our people and prevent infection. So far, we have not experienced any major bottlenecks in our processes, and our factories are free from the Covid-19 virus.

We will continue updating all our stakeholders as development occurs, but in the meantime, we hope everyone remains healthy and safe. We would like to thank everybody for continued support.

Please do not hesitate to contact local Fortaco representatives for more information.

Kind regards,

Marcus Engman
Senior Vice President
Marketing and Sales


Corona virus update, 13 March

On 11 March 2020, the Director-General of the World Health Organization declared the current outbreak of COVID-19 a pandemic in global scale.

You are aware of the serious nature of the impact that the current outbreak of Corona virus Covid-19 is having on society and business globally. The situation has escalated rapidly, and several countries in Europe have now taken or are planning to take extraordinary actions to slow down the spread of the virus.

Following the extraordinary measures in the countries Fortaco operates:

• In Slovakia and Hungary, it has been decided to limit international travel into the country, and public places are closed as from 13 March 2020.

• In Poland, Slovakia, Hungary and Estonia it has been decided to close kindergartens, schools and universities as from Monday 16 March 2020.

Fortaco has taken measures to keep our working places and operations safe. We have imposed restrictions on international travel, factory visits and internal meetings, and we prefer remote work when applicable.

We are closely monitoring the situation together with all stakeholders and following the rules from local authorities. Our goal is to limit the exposure of the extraordinary situation to our operations. In case we learn that your orders or shipments have a potential of being affected, we will contact you immediately.

It is imperative, we all maintain open communication, so we can collectively work through this crisis. We appreciate teamwork and keep you informed as this situation develops.

Please do not hesitate to contact local Fortaco representatives for more information.

With kind regards,

Marcus Engman
Senior Vice President
Marketing and Sales