Hiab invests EUR 19 million on its Multilift demountables facility expansion in Raisio, Finland

Core Points - Hiab Corporation is investing EUR 19 million to expand and modernize its Multilift demountables production facility in Raisio, Finland [1] - The construction is set to begin in autumn 2025 and is expected to be completed by 2027, with no disruptions to current production [2] - The expansion aims to enhance production capabilities, improve employee well-being, and support sustainability goals [3] Investment Details - The investment will modernize production and office facilities, reduce energy consumption, and include a new showroom [1] - This year's expenditure is part of Hiab's total capital expenditure estimate of approximately EUR 80 million for 2025 [2] Facility Background - The Raisio plant has been operational since the late 1950s, with the current facility completed in the late 1970s to early 1980s [4] - The modernization follows previous development activities, including a major layout change and the implementation of a new factory production model [4] Company Overview - Hiab is a leading provider of smart and sustainable on-road load-handling solutions, with sales totaling approximately EUR 1.6 billion in 2024 and over 4,000 employees [5] - The company operates globally with a network of 3,000 sales and service locations, delivering to over 100 countries [5]