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Peikko Group Global (English)

Peikko to invest MEUR 9 in a new DELTABEAM® factory in Kaunas, Lithuania

Peikko Group has made an investment decision to build a new DELTABEAM® factory in Kaunas, Lithuania. The new factory will be built next to Peikko’s existing Kaunas factory. The investment exceeds EUR 9 million and it comprises the lot, the new factory building as well as new production lines and machinery. The size of the factory will be 6.000 m2 with new planned production capacity of 250 beams per week. 

Peikko has currently the highest DELTABEAM® order load in its history. To temporarily boost capacity Peikko started a small-scale beam manufacturing operation in the current Kaunas factory. The new Kaunas factory ramp-up will increase Peikko’s European DELTABEAM® capacity with over 30 percent. 

“The new factory in Lithuania will bring us the needed capacity increase on long-term. Peikko already has a well-functioning production unit in Kaunas, so building the new factory there was an easy decision. Lithuania is logistically ideally located to effectively serve our current DELTABEAM® main markets; the areas around the Baltic Sea”, states Topi Paananen, CEO of Peikko Group Corporation. 

The building permits have been granted and the construction work of the new factory building will be started in autumn 2016. The factory will be operational during the third quarter of 2017. In addition to hiring new production staff for the new factory, Peikko will add project management and 3D modelling resources in Lithuania in order to meet the high DELTABEAM® demand. 

 

Further information:
Topi Paananen, CEO, Peikko Group Corporation,
mobile: +358 50 384 3001, email: topi.paananen@peikko.com 

Andrius Surantas, Vice President, Operations, Peikko Group Corporation,
mobile: +370 614 81886, email: andrius.surantas@peikko.com 

Distribution:
Main media, Peikko websites 

DELTABEAM® is Peikko’s composite slim-floor structure for multi-storey buildings of any kind. It allows flexibility in layout changes throughout the service life of the building, and enables easy HVAC installations. With the use of DELTABEAM® the depth of the entire structure can be reduced, which means savings in construction time and costs as well as in heating and cooling costs. DELTABEAM® enables different kinds of cantilevers and architecturally challenging façade solutions without the use of in-situ casting. 

Peikko Group in brief:
Peikko Group Corporation is a leading global supplier of concrete connections and composite structures. Peikko’s innovative solutions make customers’ building processes faster, easier, and more reliable. Peikko has subsidiaries in 30 countries in Asia-Pacific, Europe, the Middle East, and North America, with manufacturing operations in 9 countries. Peikko’s turnover in 2015 was EUR 155 million. Peikko is a family-owned and run company that employs over 1200 professionals. Peikko was founded in 1965 and is headquartered in Lahti, Finland. Further information: www.peikko.com.