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Mechanical engineering is an important European industry that has created plenty of jobs and well-being in Finland. Its continued success requires bold changes.
The outlook for the growth and profitability of mechanical engineering underlines the importance of international operations. This concerns all companies.
The mechanical engineering industry is facing major structural changes. What should it keep? What should it give up?
Sitra’s Growth Programme for the Mechanical Engineering Industry has brought about bold changes in attitude, positive examples, commitment and inspiration through capital investments, distribution of information and new types of partnership.
The Finnish mechanical engineering industry is facing great challenges. The need for structural changes has been evident for a long time. The financial crisis and fading exports further increased this need, as business will not return to its earlier levels after the recession.
Mechanical engineering in Finland still has what it takes to succeed if the industry makes use of the opportunities presented by change. The international market offers good potential for growth and profitability. The EU market and the restructuring of Russian industry are just two examples of the opportunities within our reach. Companies should see exports and international operations as natural parts of the business – something as integral to success as production, for example.
Growth and profitability require specialisation and higher production and product quality. Design and product development will become increasingly important.
Sitra has accelerated change and success in Finnish companies. Sitra’s Growth Programme for the Mechanical Engineering Industry helps machine manufacturing and metal processing businesses develop from domestic workshops into international companies with top expertise. In addition to products of prime quality, internationalisation calls for new approaches and solid business skills.
Sitra’s Growth Programme for the Mechanical Engineering Industry (2008-2011) team consisted of the following people:
Mauri Heikintalo, Leading Specialist
Pekka Salmi, Leading Specialist
Markku Sjösted, Leading Specialist
Sirpa Hotti, Assistant
More information on the programme is available from Sitra’s Communications on-call service, tel. +358 40 548 0794.