Componenta

Last updated
Componenta Corporation
Company type Julkinen osakeyhtiö
(Public company)
Nasdaq Helsinki:  CTH1V
Headquarters Vantaa, Finland
Area served
Worldwide
Key people
Sami Sivuranta (CEO)
Revenue70.0 million euros (2020) [1]
€3.7 million (2020) [1]
€-2.0 million (2020) [1]
Total assets €64.0 million (2020) [1]
Total equity €23.9 million (2020) [1]
Number of employees
590 (Dec 31, 2020) [1]
Website www.componenta.com

Componenta is a contract manufacturer of cast and machined metal components, located in Finland. Its customers are typically global manufacturers of vehicles, machines and equipment. Componenta is listed on Nasdaq Helsinki.

Contents

Componenta's production units locate in Finland. There are two foundries (in Pori and in Karkkila), four machining services units (in Jyväskylä, in Härmä, in Kurikka and in Sastamala), and material services units (plate cutting, hydraulic tube manufacturing, forge) in Jyväskylä and in Leppävesi. In 2020, the company employed about 590 people. [1]

History

Componenta's history goes back to 1820 when the Högfors ironworks was founded in Karkkila. Iron production was stopped in Högfors in 1916, but the foundry has remained in Karkkila and is currently operating, [2] at Componenta Castings Oy. [3] Karkkila foundry is the oldest operating foundry in Finland. [4] The second milestone in the 19th century was the founding of the Pori foundry in 1858.

Rauta- ja Metallivalimo Suomi (1918–1974)

Matti Lehtonen started his foundry business in Helsinki in 1918 [5] by buying one of the biggest foundries in Helsinki, Helsingin Valimo. The most significant customer for Lehtonen's Rauta- ja Metallivalimo Suomi during the first decade was Maanviljelyskonetehdas Oy to which Lehtonen supplied cast-iron components for agricultural machinery. Rauta- ja Metallivalimo Suomi survived the downturn of the global economy during the 1930s by having good long-term customers, like Lokomo Oy from Tampere. During the period of growth and prosperity after the 1930s depression, Rauta- ja Metallivalimo Suomi was supplying e.g. parts for harvesters, rubber production machinery, and also manufactured its by then the largest casts, six 8 ton vats for pulp production. [5]

By 1937, the company had over 100 employees. Its products received a silver medal for excellent quality at the Paris International Exposition. [5] When Matti Lehtonen died at the age of 70 in 1939, his son Bernhard Matias Lehtonen took over the company.

During the war years, the foundry manufactured military goods such as hand grenades and landmines. After the war, Finland had to pay war reparations to Russia, and for that purpose, the foundry focused on making tempered cast iron wheels (“Griffin wheels”). [6] After the Finnish Winter War and Continuation War, the foundry employed more than 200 people. [5] In the 1950s and 1960s Rauta- ja Metallivalimo Suomi grew further and was successful both as a contract manufacturer and as a manufacturer of their own products. [6]

Suomivalimo Oy (1975–1999)

In 1973, Yrjö M. Lehtonen started as the CEO of Rauta- ja Metallivalimo Suomi. The company moved to Iisalmi in 1975 and changed its name to Suomivalimo Oy. The Helsinki foundry was closed down in 1977. Between 1984 and 1988, the company acquired e.g. the Högfors foundry in Karkkila, Rosenlew foundry in Pori and Santasalo-Vaihteet. Santasalo-Vaihteet, led by Heikki Lehtonen, continued as an independent company and was listed on the Stock Exchange in 1988. [7]

In 1990, the company acquired Främmestad, a machine shop located in Sweden. [8] The recession years of the early 1990s were not easy for the Lehtonens' family business. During that decade, Suomivalimo Oy operated under the names of JOT-Yhtiöt, [9] JOT Components, Santasalo-Vaihteet and Santasalo-JOT. After the Santasalo-Vaihteet was sold to Metso in 1999, the company began to concentrate on foundry business. [7]

Componenta (1999–)

In 1999, the Santasalo-JOT Group changed its name to Componenta. [10] Componenta was listed on Nasdaq Helsinki in 2000 as a company focusing on foundry operations. [11] Foreign operations for Componenta were further expanded in the mid-2000s when Componenta acquired the majority shareholdings in De Globe, a foundry company in the Netherlands, [12] and in Döktas Dökümcülük Ticaret ve Sanayi, a Turkish cast iron and aluminium component manufacturer [7] that employed 2,500 people. [13] With these acquisitions Componenta became the second largest independent manufacturer of cast iron components in Europe. [6] In 2006 it had 5,250 employees of whom 22 per cent were working in Finland.

In Autumn 2016, Componenta announced that its Dutch operations will file for bankruptcy [14] and that its Finnish and Swedish operations will file for restructuring. [15]

Componenta sold its Turkish operations in 2017. [16] The Componenta Group had foundries in Pori and Karkkila in Finland, and the Främmestad machine shop in Sweden, and there were about 660 employees.

In August 2019, Componenta acquired Komas Oy and became the leading metal component manufacturer in Finland. [17] The history of Komas Oy goes back to 1926 when Valtion Kivääritehdas was founded in Jyväskylä, Finland. [18] In 2018, Komas had 175 employees in Jyväskylä and Laukaa. Componenta's Swedish subsidiary, Componenta Främmestad AB, filed for bankruptcy in September 2019. [19]

Products

Componenta manufactures cast and machined components for its customers who are global manufacturers of vehicles, machines and equipment. [17]

Organization

Management

The President and CEO of Componenta Corporation is Sami Sivuranta (since March 2020). [20] In 2021 the Board of Directors consists of Harri Suutari (chair), Anne Leskelä, Tomas Hedenborg and Petteri Walldén. [21]

Share and shareholders

The top five shareholders of Componenta (March 31, 2021) [22]

  1. Capman Buyout VIII Fund A L.P. (12.11%)
  2. Etra Capital Oy (9.9%)
  3. Varma Mutual Pension Insurance Company (4.39%)
  4. Elo Mutual Pension Insurance Company(3.75 %)
  5. Citibank Europe PLC (1.42%)

Recognitions

Related Research Articles

<span class="mw-page-title-main">Matti Vanhanen</span> Prime Minister of Finland from 2003 to 2010

Matti Taneli Vanhanen is a Finnish politician who served as Prime Minister of Finland from 2003 to 2010. He was also Chairman of the Centre Party in 2006. In his earlier career, he was a journalist. Vanhanen is the son of professor Tatu Vanhanen and Anni Tiihonen.

<span class="mw-page-title-main">Klaukkala</span> Urban area in Uusimaa, Finland

Klaukkala is the southern-most urban area of the Nurmijärvi municipality in Uusimaa, Finland, located near Lake Valkjärvi. It is the largest urban area in Nurmijärvi, and despite the fact that it officially has the status of a village, it is often mistakenly thought to be a separate town due to its size and structure. In the 2010s, Klaukkala's urban area grew to be part of the larger Helsinki urban area.

<span class="mw-page-title-main">Jyväskylä Airport</span> Airport in Jyväskylä, Finland

Jyväskylä Airport is an airport in Jyväskylä, Finland. It is in the center of the Finnish Lake District, about 20 kilometres (12 mi) north of the center of Jyväskylä. The airport terminal was renovated in the fall of 2004.

<span class="mw-page-title-main">Hietalahti shipyard</span> Shipyard in Helsinki, Finland

Hietalahti shipyard is a shipyard in Hietalahti, in downtown Helsinki, Finland. Since 2019, it has been operated by a company named Helsinki Shipyard.

<span class="mw-page-title-main">VTT Technical Research Centre of Finland</span> Research and technology company in Finland

VTT Technical Research Centre of Finland Ltd is a state-owned and controlled non-profit limited liability company. VTT is the largest research and technology company and research centre conducting applied research in Finland. It provides research and innovation services and information for domestic and international customers and partners, both in private and public sectors.

<span class="mw-page-title-main">Lauri Kaukonen</span> Finnish Secretariate Counsellor and business executive

Lauri Kaukonen was a Finnish Secretariate Counsellor, board member, business executive, teacher, lecturer, and author.

<span title="Finnish-language text"><span lang="fi" style="font-style: normal;">Ismo Leikola</span></span> Finnish comedian (born 1979)

Ismo Mikael Leikola, sometimes known professionally as ISMO, is a Finnish comedian, musician, author, screenwriter, and YouTuber. Leikola made his United States debut in 2014, when he won the "Funniest Person in the World" competition organized by the comedy club Laugh Factory. In 2015, he made comedy series ISMO for Finnish television and moved to the United States. He gained more recognition after his appearance on the Conan talk show in 2018 and has since toured internationally. He has a YouTube channel with over 391,000 subscribers.

<span class="mw-page-title-main">Harvia</span> Finnish heater, sauna, and spa manufacturer

Harvia Plc is a Finnish heater, sauna, spa and sauna interiors manufacturer. The company's product offering covers all three sauna types: traditional sauna, steam sauna and infrared sauna. Harvia is headquartered in Muurame, Central Finland. The company's products are distributed globally through a network of dealers. Harvia shares (“HARVIA”) are listed on the Nasdaq Helsinki Ltd and are registered in the Finnish Book-Entry Register maintained by Euroclear Finland Ltd.

<span class="mw-page-title-main">Laura Huhtasaari</span> Finnish politician and teacher (born 1979)

Laura Huhtasaari is a Finnish politician and teacher. As a member of the Finns Party, she has represented Satakunta in the Parliament of Finland from April 2015 to July 2019. She was the Finns Party candidate for the 2018 Finnish presidential election. In 2019 Huhtasaari was elected to the European Parliament with 92,760 votes

Amanda Harkimo is a Finnish DJ and reality TV star.

<span class="mw-page-title-main">Finnish regional road 120</span> Road in Uusimaa region, Finland

Finnish regional road 120, or Vihti Road, is a regional road from Haaga in Helsinki to Maikkala in Vihti. The road is part of the former Pori Highway. Regional road 120 was originally intended as the main road connection from Helsinki to Pori via the Vihti church village, but when it was completed, the road was already prone to accidents due to its complexity, hilliness and narrowness. However, the Helsinki-side section of the road up to Ring III has later been widened to four lanes, but the beginning of Vihdintie in Etelä-Haaga from Mannerheimintie to Haaga roundabout is street-like. The regional road also passes Highway 25 at the village of Otalampi.

<span class="mw-page-title-main">Far-right politics in Finland</span> Overview of far-right Finnish politics

In Finland, the far right was strongest in 1920–1940 when the Academic Karelia Society, Lapua Movement, Patriotic People's Movement (IKL) and Vientirauha operated in the country and had hundreds of thousands of members. In addition to these dominant far-right and fascist organizations, smaller Nazi parties operated as well.

<span class="mw-page-title-main">Ensio Uoti</span> Finnish politician

Ensio Ilmari Uoti was a Finnish politician and Nazi who in the 1930s was the leader of the Finnish-Socialist Workers' Party (SSTP).

<span class="mw-page-title-main">Finnish national road 23</span> Road in Finland

The Finnish national road 23 is a highway between Western and Eastern Finland that runs between the cities of Pori and Joensuu via Jyväskylä. The length of the road is 517 kilometres (321 mi). The road is also called the Finnish Lake Road, as it runs through the Finnish Lakeland area in the central hinterland of the country.

<span class="mw-page-title-main">Patriotic Citizens of Viitasaari</span> Finnish organization

The Patriotic Citizens of Viitasaari was an organization operating in Viitasaari in Central Finland. The association was one of the first prominent, explicitly anti-Semitic and anti-Masonic organizations in Finland. From 1928 to 1930, the group was run by Gunnar von Hertzen, a municipal physician.

The J. K. Paasikivi Memorial, also called Itä ja Länsi is a memorial sculpture for the Finnish president Juho Kusti Paasikivi by the sculptor Harry Kivijärvi, located in Kamppi, Helsinki. The sculpture is located at Paasikivenaukio Square along Mannerheimintie in front of the so-called Supplier House, north of the Lasipalatsi building. The sculpture was revealed in 1980.

Juha Matti Kärkkäinen is Finnish businessman and publisher the one who owns the Kärkkäinen chain of stores. In addition to this, he publishes the KauppaSuomi free-distribution magazine. In 2013, he was found guilty of incitement against an ethnic group for his antisemitic writings. He is also a supporter of the neo-Nazi Nordic Resistance Movement and the neo-fascist Blue-and-Black Movement.

<span class="mw-page-title-main">Helsingin Pantti</span> Finnish pawnbroker chain

Helsingin Pantti is a Finnish pawn shop chain, which, as its name suggests, is founded in Helsinki. It has twelve stores in Finland: five in Helsinki, two in Espoo and the rest in Vantaa, Tampere, Turku, Pori and Jyväskylä.

References

  1. 1 2 3 4 5 6 7 "Componenta corporation's annual review 2019" (PDF). Archived (PDF) from the original on 2021-01-26. Retrieved 26 May 2020.
  2. ↑ "RKY Museovirasto" [Finnish Heritage Agency: Nationwide significant built cultural environments in Finland]. www.rky.fi. Retrieved 2020-05-11.
  3. ↑ "Componenta Castings Oy Högfors - taloustiedot, Y-tunnus ja päättäjät". www.finder.fi (in Finnish). Retrieved 2020-05-11.
  4. ↑ "Historiikki" [Karkkila's Ruukki museum: History of Högfors ruukki]. www.karkkila.fi. Retrieved 2020-05-11.
  5. 1 2 3 4 5 "Biografiasampo: Lehtonen, Matti (1868 - 1939)" [Finnish Literature Society's Biografiasampo: Lehtonen, Matti (1868 - 1939)]. biografiasampo.fi. Retrieved 2020-05-11.
  6. 1 2 3 Componenta – yhtiö jolla on yhdeksän henkeä ja elämää[Componenta - a company with nine lives and lives]. Componenta. 2009.
  7. 1 2 3 Janne Tervola. "Componenta hakeutuu yrityssaneeraukseen" [Componenta is applying for corporate restructuring]. Tekniikkatalous (in Finnish). Retrieved 2020-05-11.
  8. ↑ "History of Componenta Group". www.componenta.com. Retrieved 2020-05-11.
  9. ↑ "JOT-yhtiöt paransi tulostaan" [The JOT companies improved their results]. Helsingin Sanomat (in Finnish). 1990-03-24. Retrieved 2020-05-26.
  10. ↑ mikkonen, antti (18 November 1999). "Yrityskaupat". Talouselämä (in Finnish). Retrieved 2020-05-26.
  11. ↑ "Componenta: Osakeanti ylimerkittiin". Ilta Sanomat (in Finnish). 2009-09-21. Retrieved 2020-05-26.
  12. ↑ "Componenta ostaa Hollannista valimoita" [Componenta buys foundries in the Netherlands]. Helsingin Sanomat (in Finnish). 2004-03-06. Retrieved 2020-05-26.
  13. ↑ "Componenta ostaa ison valimon Turkista" [Componenta buys a large foundry in Turkey]. Helsingin Sanomat (in Finnish). 2006-10-19. Retrieved 2020-05-26.
  14. ↑ Ahti Terhemaa. "Componenta uskoo saneerausohjelman tervehdyttävän liiketoiminnan" [Componenta believes that the restructuring program will rehabilitate the business]. Arvopaperi (in Finnish). Retrieved 2020-05-11.
  15. ↑ "Päätös tuli: Componentan yrityssaneeraus käynnistyy" [The decision came: Componenta's corporate restructuring begins]. Ilta Sanomat (in Finnish). 2016-09-30. Retrieved 2020-05-11.
  16. ↑ "Componenta myy Turkin-yhtiönsä nimelliseen hintaan" [Componenta sells its Turkish company at a nominal price]. Ilta Sanomat (in Finnish). 2017-08-04. Retrieved 2020-05-11.
  17. 1 2 Jorma Rahkonen. "Pörssiyhtiö Componenta saa toimitusjohtajan Jyväskylästä – Komasin Marko Penttinen ostajayhtiön johtoon" [Listed company Componenta gets CEO from Jyväskylä - Markas Penttinen from Komas to take over the management of the buyer company]. KSML.fi – Keskisuomalainen (in Finnish). Retrieved 2020-05-11.
  18. ↑ "Komas kehittää koneistuspalveluaan Jyväskylässä". Konepörssi.com (in Finnish). Retrieved 2020-05-11.
  19. ↑ Alexandra Huhta. "Componentan tytäryhtiö hakeutuu konkurssiin" [Componenta's subsidiary is filing for bankruptcy]. Kauppalehti (in Finnish). Retrieved 2020-05-11.
  20. ↑ Merja Saarinen. "Componenta vaihtaa toimitusjohtajaa" [Componenta will change the CEO]. Tekniikkatalous (in Finnish). Retrieved 2020-05-11.
  21. ↑ "Board of Directors". componenta.com. Archived from the original on 2018-05-29. Retrieved 2020-05-26.
  22. ↑ "Major shareholders". componenta.fi. Componenta Oyj. 2019-12-31. Retrieved 2020-05-26.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.