At the beginning of September, Valmet Automotive confirmed a new strategy outlining that in the future, the company will offer its in-depth expertise in industrial serial production to a variety of industries beyond the automotive industry. To the defense sector, Valmet Automotive offers the ability to manufacture technologically complex products and quickly increase the customer’s production capacity. The company operates in Uusikaupunki, which is a port town with good overland connections.
“The Letter of Intent with Patria on manufacturing and testing armored vehicles is a concrete demonstration of the progress of our strategy extending beyond the automotive industry. We are pleased that our expertise is in demand also in other industries that require high technological capabilities. This Letter of Intent is a major first step for us in contract manufacturing in the defense sector,” says Pasi Rannus, CEO of Valmet Automotive.
“Patria is focused on delivering to existing customers and boosting production capacity to meet rising demand for Patria’s armored vehicles. Patria’s production levels are well positioned to fulfill all existing orders; however, we are seeking additional capacity. Therefore, Patria is now considering a partnership also with Valmet Automotive in manufacturing our armored vehicles,” says Jussi Järvinen, Executive Vice President of Protected Mobility at Patria.
Final agreements are being negotiated.
Additional Information:
Pasi Rannus, CEO, Valmet Automotive Plc
Interview requests: Nadja Doyle, nadja.doyle@valmet-automotive.com, +358 50 317 0538