Tikkurila planning relocation of Finnish operations
November 28, 2018 at 12:00 noon (CET+1)
Tikkurila is planning the relocation of its Finnish business operations in Vantaa and the broader development of the current operating area as the life-cycle of the factories is coming to its end. The headquarters is already moving in early 2019 due to continuous indoor air problems.
Tikkurila Oyj has already earlier decided to relocate its headquarters operations. The new headquarters will continue to be close to the production plant in Tikkurila in Vantaa at Heidehofintie 2. The current headquarters premises do not fully meet the requirements that the company has set in terms of personnel well-being. Construction problems have been identified in the office building over the years, and several attempts have been made to fix them. Structural flaws have caused continuous indoor air problems.
The research and development operations in a separate building in the area, as well as the factories and training center in the area, will continue to operate normally in their current location for now. The possible relocation of Finnish production is investigated in more detail as part of Tikkurila’s broader production network optimization project. The design and construction process of a potential new production plant will take several years, during which manufacture will continue in the current units. The aim is to keep the Finnish operations within good transport connections also in the future.
Tikkurila Oyj has operated in Vantaa, Finland, where all of the company's operations have been since the company was founded in 1862. The center and the settlement of Tikkurila have been expanding over the years nearby the Tikkurila production facilities, and the current location is therefore no longer optimal for industrial activities. In addition, the life-cycle of the current production facilities is coming to its end.
For further information, please contact:
Elisa Markula, Chief Executive Officer, mobile +358 50 596 0978, email@example.com
Minna Avellan, Director, Communications and Investor Relations, mobile +358 40 533 7932, firstname.lastname@example.org
Tikkurila is a leading Nordic paint company with expertise that spans decades. We develop premium products and services that provide our customers with quality that will stand the test of time and weather. We operate in around ten countries and our 3,000 dedicated professionals share the joy of building a vivid future through surfaces that make a difference. In 2017, our revenue totaled EUR 582 million. The company is listed on Nasdaq Helsinki. Nordic quality from start to finish since 1862.