In year 2019, Peikko’s business stabilized on a high‑volume level. Last year, Peikko reorganized and strengthened its Product Development teams. Product launches during 2019 included PSB PLUS®, a new punching shear load application used in cast‑in‑situ construction, and TWIN Corbel, an innovative corbel for heavy precast products.
In March 2019, Peikko purchased various products rights from a Swiss company Spaeter AG. The purchase included an engineering office and a factory situated in Hungary. Since the acquisition, the EBEA® Balcony Connector sales have started well and Peikko estimates significant volume growth in the coming years.
In late 2019, Peikko introduced DELTABEAM® Green, one of the first structural steel products made from more than 90% of recycled steel. The first projects using DELTABEAM® Green are already being delivered.
Peikko’s total investments in 2019 continued at a very high level and amounted to EUR 20.7 million (MEUR 20 in 2018). The same year Peikko also started an Enterprise Resource Planning, ERP, a project with the intention to roll‑out the Microsoft’s D365 operating system throughout the company by 2022. First rollouts of the new system are planned for summer 2020.