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Luvata regroups its expertise to face changes in superconductors market

Consolidated centres of excellence to be established in Finland, US and China

June 23, 2008 – London 
Luvata, the international metals and manufacturing group, has announced a decision to consolidate its superconductor operations at its sites in Pori, Finland; Waterbury, US; and Zhongshan, China. This will allow the Group to respond to geographic trends and focus its expertise within three centres of excellence. Demand in the superconductors market has seen a pronounced shift to The East, as well as a growth in applications on the leading edge of the technology. This decision is intended to keep Luvata competitive for the future and improve the quality of service to customers.

The Group holds a leading position in the sector and has stressed its commitment to the market, which serves medical MRI scanners, scientific research into new power generation and many other technologies. The announcement brings into question the future of superconductor production at the Italian plant in Fornaci di Barga. Luvata is currently looking into possibilities for the plant, as well as negotiating with unions and local government. The Group has stated that none of these activities will pose a disruption to deliveries or quality of service.

Antti Kilpinen, Vice-President of the Superconductors business unit, commented: “To maintain Luvata’s position or providing the right technology to he right industries in the right places, we need to be responsive and consolidate our expertise in production and technology. For Fornaci di Barga, this is a time of uncertainty and we will uphold Luvata’s policy of supporting the people and the plant in every way. This is a time of change and opportunity in this market. This is the right move for Luvata if we are to balance our leading, competitive position with minimising wastage and maximising progress and efficiency – in short to keep improving the quality of our service.”

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About Luvata

Formerly known as Outokumpu Copper Products and acquired from Outokumpu OYJ by Nordic Capital in 2005, Luvata is a major international supplier of solutions, services, components and materials for manufacturing and construction. Luvata’s solutions are used in industries such as power generation, renewable energy, telecommunications, architecture, automotive, medicine, air-conditioning, refrigeration, and a wide range of consumer products. The company’s continued success is attributed to its longevity, its technological excellence and strategy of integrating with its customers’ businesses. Employing over 8,500 staff in 18 countries, Luvata works in partnership with customers such as Siemens, Toyota, CERN, Shaaz, and DWD International.

 

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Susan Porter
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