Peikko Group in 2012: Net sales MEUR 112.9, growth 8%

Tue, 5 Mar 2013 12:00:00 +0200

Peikko Group’s net sales in 2012 amounted to EUR 112.9 million (MEUR 104.5) and grew by 8 percent (36%). The net sales level can be considered reasonable after very strong growth in 2011. Profit before taxes for 2012 was EUR 4.3 million (MEUR 3.5). Peikko Group´s equity ratio remained over 50 percent, enabling Peikko to continue its planned long-term growth strategy.

Because the EU Machine Directive does not clearly take into consideration concrete anchoring, and there...

Changes in Peikko Group's management: New managers for 4 Peikko units

Tue, 5 Feb 2013 14:30:00 +0200

Peikko Group has a challenging growth target for 2013. To realize the target and support the company’s development, significant changes in the roles and responsibilities have been made in Peikko Group’s Management. The changes will take place in four individual countries, all having both sales functions and large-scale manufacturing operations. All changes take effect in March 2013.

...

Peikko offers customized wind turbine foundation design within one business day

Tue, 29 Jan 2013 10:00:00 +0200

Peikko introduces a revolutionary design tool at EWEA 2013 exhibition

Peikko Group Corporation has developed an advanced design tool which enters Peikko’s design to a new level in onshore wind turbine foundations. With the new design tool and design procedure Peikko is able to better serve wind turbine manufacturers, wind farm developers, investors and engineering offices. The new design method ...

Peikko delivers composite structures to the Tikkurila Train station area in Vantaa, Finland

Mon, 14 Jan 2013 13:00:00 +0200

Peikko Group Corporation’s Finnish subsidiary Peikko Finland Oy has received a substantial composite structure order to the first phase of the new office and retail center adjacent to the Tikkurila railway station in Vantaa, Finland. 2.6 kilometers of Deltabeams and 260 tons of steel structures, mainly composite columns, will be delivered to the site during late spring 2013. The developer of the project is YIT Rakennus Oy and the architect is ...

Peikko continues to strengthen its network: Sales offices in Australia and India opened

Tue, 8 Jan 2013 09:00:00 +0200

Peikko started its own manufacturing operations in China in summer 2011 and has also started sales in the nearby areas. To be able to serve its customers efficiently, Peikko continues according to its strategy to have own sales and technical service personnel close to the customers.

During autumn 2012 Peikko has opened two sales offices in the Asia-Pacific region. The Australian office is based in the East coast of Australia, Sy...

Peikko delivers 1.3 km of Deltabeams and concrete connections to a office building project in Warsaw, Poland

Mon, 3 Dec 2012 10:00:00 +0200

Peikko Group Corporation’s Polish subsidiary Peikko Polska Sp. z o.o. has received a substantial order to a large office building project Atrium One in the center of Warsaw. Peikko delivers 1.3 kilometers of Deltabeams, 2.000 pcs of column connections and a large amount of rebar coupling systems to the site. The deliveries start in December 2012.

The Atrium One high office building project of 14 floors and a gross floor area of 18.000 ...

New Software tool for Deltabeam preselection

Mon, 12 Nov 2012 12:11:00 +0200

Peikko has developed a new Deltabeam Preselection Software for Structural Engineers. Final beam design and individual dimensioning is done by Peikko.

The designer can choose between different predetermined beam types. The software runs ULS (ultimate limit stage) and SLS (service limit stage) check for the selected Deltabeam type in ambient temperature i.e. no fire design is included. Torsion is not considered in the design.

Deltabeam Preselection Software i...

Peikko delivers composite structures to Malmö University expansion in Sweden

Mon, 15 Oct 2012 10:00:00 +0300

Peikko Group Corporation’s Swedish subsidiary Peikko Sverige AB has received a substantial composite structure order to the expansion of Malmö University in Sweden. 4.5 km of Deltabeams and 2.3 km of composite columns will be delivered to the site during spring 2013.

The university expansion in the so called Niagara quarter of the campus in Malmö comprises three buildings sized together 20.000 m³. The developer of the project ...

Peikko’s composite structure solution chosen to an office building project in the heart of Helsinki, Finland

Mon, 8 Oct 2012 09:00:00 +0300

A new office building in a prime location of Töölönlahti, an area actively developed in the heart of Finland’s capital Helsinki, is built with Peikko’s composite structure solution. In charge of the design of the building is Verstas Architects Ltd., winner of the international architecture competition organized for the project. The constructor is Lemminkäinen Talonrakennus Oy. The building will be ready in spring 2014. Peikko Group’s Finnish subsidiary Peikko Finland Oy de...

Peikko Group invests in Finland: Additional capacity to Deltabeam production

Mon, 8 Oct 2012 09:00:00 +0300

Peikko Group increases Deltabeam production capacity in Finland. The target is to increase the capacity by 50 beams a week, which means almost 30 percent capacity increase at the Lahti plant. The investment comprises many new machines and equipment. If sales will increase as expected the investment will also result in 10 new jobs at the Lahti plant during spring 2013.

Cause for the investment is the significant over 30 percent i...

Stefan Nyström appointed to Peikko Group's Board of Directors

Mon, 1 Oct 2012 09:00:00 +0300

A new member, Mr. Stefan Nyström, M.Sc.(Eng) has been appointed to Peikko Group Corporation’s Board of Directors. Stefan Nyström is Director of Pöyry’s Local Services Unit and also responsible for Pöyry’s Industry Sector’s structural design operations. Pöyry employs globally over 7000 designers. Nyström brings significant knowledge of structural design to the Board o...

Peikko to deliver 1.2 km of Deltabeams to a shopping mall project in Czech Republic

Mon, 24 Sep 2012 13:00:00 +0300

Peikko Group’s Czech subsidiary Peikko Czech Republic s.r.o. has received a substantial order for Deltabeams to the large regional Šantovka development project in Olomouc, eastern Czech Republic. The deliveries consist of 1.2 kilometres of Deltabeams to a shopping mall which will be finished by end of the year.

Šantovka multifunctional scheme is located in central Olomouc on a site area of a former factory amounting to nearly 1...

Peikko to supply the wind turbine tower foundation solution to Finnish Muukko wind park

Fri, 14 Sep 2012 13:00:00 +0300

Peikko’s wind tower foundation solution will be applied in the new Muukko wind park in Lappeenranta, Finland. Muukko wind park is owned by TuuliMuukko Oy, a company owned by TuuliSaimaa Oy and TuuliTapiola ky. It is an inland wind park of 7 pcs of 3MW wind turbines by Alstom.

The project is already under work. The turbines will be installed in the beginning of 2013 and the wind park will be operational in June 2013. The develop...

Peikko Group to purchase 8 700 m² production premises in Kaunas, Lithuania

Tue, 4 Sep 2012 08:00:00 +0300

Peikko Group’s Lithuanian subsidiary Peikko Lietuva UAB has signed a contract with Ektornet Commercial Lithuania UAB to buy a large industrial complex of 8 670 m² situated in the industrial area of Kaunas. Peikko has been on the Lithuanian market with own production since 2006. Peikko Lietuva has currently premises of 3 000 m² in Kaunas and it employs 75 persons. The new production premises will be double in size compared to the current and enable a significant growth in p...

Peikko's Deltabeam to receive CE marking as steel structure

Mon, 20 Aug 2012 13:00:00 +0300

European Union’s construction product regulation takes effect in full on 1 July 2013 and accordingly CE marking will become mandatory for steel constructions as of 1 July 2014. Manufacturers may use CE marking to declare that their construction products meet harmonized European standards or have been granted European Technical Approval. These documents define the properties products must have in order to be granted the right to use CE marking,...

Peikko’s foundation solution chosen for Tervola wind park in Finland

Thu, 31 May 2012 12:30:00 +0300

Peikko supplies to YIT Construction Services the foundation solution for a wind park which TuuliWatti Oy is building to Tervola in Northern Finland. YIT is responsible for the planning and construction of the foundations in the project. Peikko’s foundation solution is supplied to five of the ten wind turbine towers to be built in Tervola.

Supplying the foundation solution to Tervola is a significant project for Peikko, as the turbine m...

Peikko to deliver large Deltabeam order to Lithuania

Fri, 27 Apr 2012 12:30:00 +0300

Peikko Group’s Lithuanian subsidiary Peikko Lietuva UAB has received a substantial order for Deltabeams and other Peikko connections to an office building project in Kaunas, Lithuania. The deliveries will take place during spring 2012. They consist of 1.1 kilometers of Deltabeams and various Peikko connections, such as column shoes and anchor bolts.

The investor of the project is a commercial real estate company Baltic Shopping Centers...

Peikko Group in 2011: Group net sales EUR 104.5 million, growth 36%

Tue, 13 Mar 2012 11:00:00 +0200

Peikko Group’s net sales grew by 36 percent in 2011 and amounted to EUR 104.5 million. The net sales level returned to its level prior to the 2009 recession and the business was again profitable.

Despite substantial growth in net sales Peikko Group’s balance sheet decreased in size during the year. As a result of the positive operating profit and changes in the ownership Peikko’s equity ratio rose t...

Major Deltabeam Deliveries to the Growing Tampere Region of Finland

Wed, 1 Feb 2012 10:19:56 +0200

Over 8 kilometres of Deltabeams exceeding EUR 2 million in value

Peikko Group’s Finnish subsidiary Peikko Finland Oy has received 5 substantial Deltabeam project orders to the Tampere region in Finland. Tampere is a major development area with very high construction activity including municipality buildings, offices, and residential buildings.

Peikko’s Deltabeam slim-floor solution has been chosen to 5 important project among others Technop...

Peikko supplies components to the world's largest pulp mill project in Uruguay

Mon, 23 Jan 2012 14:16:44 +0200

Peikko has received significant orders to a pulp mill project in Punta Pereira, Uruguay, South America. Montes del Plata, a joint venture of Arauco of Chile and Stora Enso of Finland, is intending to produce 1.3 million tons of pulp per year starting in early 2013. The project comprises a pulp mill, a deepwater port and power generating unit based on renewable resources.

Peikko has delivered to the site various types of precast ...

Peikko continues to invest in its Middle East operations

Mon, 16 Jan 2012 10:30:00 +0200

Peikko has made an agreement with its major subcontractor in the Gulf area, according to which a number of production machinery and close to 40 persons, including some key people, will move over to Peikko Gulf’s operations. This arrangement is part of Peikko’s expansion program of the Gulf operations.

Peikko Gulf has recently delivered several substantial orders such as; two kilometers of floor joints (TERA Joint) to Al Jedar co...

2011 strong for Peikko, ownership succession to strengten balance sheet and long-term development

Wed, 12 Oct 2011 15:07:42 +0300

Peikko’s year-to-date strong

Year 2011 has been good for Peikko Group. The growth of net sales in January – September 2011 was almost 50%. The net sales for 2011 are estimated to reach EUR 100 million (EUR 77 million in 2010). The Group’s operational result will also be clearly positive after two weaker years.

The demand has been strongest in German speaking countries and in the Nordic Countries. In 2011 Peikko also started production activ...

Official Opening Ceremonies at Peikko Zhangjiagang

Wed, 10 Aug 2011 14:44:06 +0300

First shipments already delivered

The official opening ceremonies of Peikko´s unit in China, Peikko Construction Accessories (Zhangjiagang) Co. Ltd., were held on 3 August 2011.

Peikko was honored to have several distinguished guests, Mr. Liang Yibo, Secretary of Zhangjiagang EDZ CPC Working Committee, Deputy-Secretary of Zhangjiagang CPC Committee, Mr.Tao Huixing, Committee Member of Zhangjiagang EDZ Admi...

Peikko's Foundation Solution chosen for Wind Park to be built in Hamina, Finland

Mon, 8 Aug 2011 13:06:04 +0300

Peikko Group has entered a contract with Empower Oy to design the foundation structures and to deliver the anchoring technology for wind turbine towers in Hamina, Finland. The power company Suomen Voima Oy aquires the wind turbines from the Korean company Hyundai Heavy Industries Co. Ltd. Assembly, operation and maintenance of the wind turbine towers is performed by Empower Oy.

The foundation will utilize a concept developed by Peikko including amo...

Judgment on Anstar versus Peikko court case: Anstar lost its appeal

Mon, 20 Jun 2011 14:45:00 +0300

The Helsinki Court of Appeal announced a judgment where the Helsinki District Court’s judgment from 2009 was left almost unamended in the patent dispute where Peikko Group was drawn into by its rival company Anstar Oy. Anstar’s lost its appeal. The Helsinki Court of Appeal decreased the compensation set by the Helsinki District Court by EUR 25.003,64. The Court also decided that Anstar was to pay Peikko’s legal fees by EUR 109.631,00.

The patent dispute was linked...

Peikko launches post-tensioning solution for dynamic loads

Mon, 13 Jun 2011 08:07:53 +0300

Press release 13.6.2011

Peikko’s FatBar anchor bolts now ETA-approved

Peikko has developed a unique business model for turnkey deliveries of foundations for onshore wind turbine steel towers. The model includes design, components and assembly on site. One of the key components of the foundation solution is Peikko’s new FatBar system, a technically advanced post-tensioning solution for tower foundations and other technically demandi...

Peikko and ENERCON to expand their cooperation

Wed, 4 May 2011 12:32:55 +0300

Press release 4.5.2011

Peikko has agreed with ENERCON, a company specializing in wind turbine manufacturing, to deliver large quantities of connector items to wind turbine precast concrete towers. ENERCON is one of the leading wind turbine manufacturers and has more than 17.000 installed wind turbines in more than 30 countries. ENERCON is currently also one of the world's leading companies in the segment of precast wind turbine towers. It is likely that th...

Seppo Rajamäki and Jussi Vanhanen to join the Board of Directors of Peikko Group Corporation

Tue, 19 Apr 2011 14:40:22 +0300

Press release 19.04.2011

Two new members will join Peikko Group Corporation's Board of Directors: Mr. Seppo Rajamäki and Mr. Jussi Vanhanen.

Mr. Seppo Rajamäki has made a noteworthy career in the precast concrete industry, both in Europe and in Saudi Arabia. Mr. Rajamäki retired in spring 2010 after a long career in the world largest precast company Consolis, headquartered in Brussels, Belgium. At Consolis his last position was Group Vice P...

Peikko Group Year 2010: Operative Break-Even Result

Tue, 22 Mar 2011 10:12:23 +0200

Peikko Group's net sales in 2010 increased by 5 percent and amounted to EUR 77.0 million (2009: EUR 73.5 million). The construction market, where Peikko operates, experienced still extreme challenges during the spring of 2010, however, during fall 2010 the situation improved and Peikko was able to reach nearly break-even operating profit for the total year 2010. If invoicing of certain non-finalized projects (EUR 4.7 million) would be taken into consideration, Peikko was a...

Peikko to start own manufacturing operations in China

Tue, 22 Mar 2011 10:08:31 +0200

Peikko Group Corporation has decided to establish own manufacturing operations in China. Peikko's new factory is located in the city of Zhangjiagang, north of Shanghai. The new unit will focus on manufacturing products for Peikko's units in North America, the Gulf area and Europe, as well as providing a platform for sales of Peikko products in China and in the Asia Pacific region.

The first products are expected to be shipped from the new factory during Q2/2011 and ...

Peikko to have new sales unit in Minsk, Belarus

Mon, 31 Jan 2011 09:22:08 +0200

Peikko Group continues its expansion in Europe and has established a new sales and technical support team in Minsk, Belarus. Peikko BelRus FLLC will serve customers in the pre-cast industry as well as to develop the sales of Deltabeam frame concept with Belarusian construction companies.

During 2010 Peikko has already supplied concrete connections and Deltabeams to major projects in Belarus. One of the biggest projects where Peikko has been involved has been the sh...

Peikko delivers 0,8 km of Deltabeams and connections to SKANSKA's Green Towers project in Wrocław, Poland

Mon, 24 Jan 2011 12:24:18 +0200

Peikko Group's unit in Poland, Peikko Polska Sp. z o.o., has signed a contract with the company SKANSKA for the delivery of Deltabeams and various concrete connections items to a modern business park called Green Towers in the city of Wrocław, located in south-west Poland.

Green Towers project is located in just 5 minutes from Wrocław's old town and will have total floor space of 23.000 m2 to let for office use. The facilities are developed in compliance with enviro...

Peikko delivers 3,5 km of Deltabeams and more than 300 tons of other steel structures to Triotto Business Park

Tue, 18 Jan 2011 15:29:18 +0200
Peikko Group's unit in Finland, Peikko Finland Oy, has signed a contract with the company YIT Construction for the delivery of Deltabeams and other steel structures to a modern business park called Triotto in Helsinki, Finland. The Triotto Business Park is located just 15 min from downtown Helsinki and will have total floor space of 16.000 m2 in seven levels.
Peikko's customer is the company YIT Construction. The construction of Triotto will be completed in 2012. Peikko's ...

Peikko Group has filed opposition to Permaban patent and denies any co-operation

Mon, 10 Jan 2011 15:38:51 +0200

Peikko Group has filed a formal opposition in the European Patent Office to the European Patent Number EP1985759 of UK-based floor joint manufacturer Permaban Ltd. The opposition was filed at the exact same day of granting the patent, on 24th November 2010.

The case concerns features of a product similar to Peikko's TERA Joint system which is used in high-quality industrial concrete floors. Despite information submitted by some parties to the market place, Peikko ha...

Peikko launches ECO Galvanizing method

Tue, 5 Oct 2010 00:00:00 +0300

Peikko Group launches during fall 2010 a new method for protecting steel against corrosion: Peikko ECO Galvanizing®. This surface treatment provides number of benefits comparing to traditional hot-dip galvanization.

The first major benefit of the new application is that it can be applied only partially into the product. This leads to material savings and in some cases increases the functionality of the product, e.g. in bonding to the concrete. There are also other ...

Peikko to launch the NIRO balcony connector system into Nordic Countries, Baltics and Russia

Mon, 27 Sep 2010 00:00:00 +0300

Peikko Group has signed an agreement with AVI of Austria to manufacture, market and sell an insulated balcony connector system created by AVI to a selected countries in Europe. The system has been developed by AVI over the past 10 years and the system is currently sold by AVI in Austria and its neighboring countries.

The NIRO Balcony connector is a heat insulating, load bearing connection element between structural parts of reinforced concrete. It is used to i...

Peikko supplies rebar couplers to a 220 meter-high building in Vienna, Austria

Tue, 21 Sep 2010 00:00:00 +0300

Peikko Austria GmbH., a subsidiary of the Peikko Group Corporation, has signed a contract to supply more than 40.000 Peikko MODIX® rebar connections to a project “Donau City Tower 1” in Vienna, Austria. The building is one of the highest in Austria with the height of 220 meters and will be built with in-situ technology.

Peikko’s MODIX® connections will be used for all rebar connections between the building’s central core and the slabs (vertical structure / hor...

Peikko delivers 3,5 km of Deltabeams and more to a spa hotel in Finland

Wed, 1 Sep 2010 00:00:00 +0300

Peikko Group’s unit in Finland, Peikko Finland Oy, has signed a contract with the company SRV for the delivery of Deltabeams and other steel structures to spa hotel Holiday Club Saimaa in Lappeenranta, in the historical area of Rauha in Eastern Finland. The hotel will have 222 rooms and in the premises there will additionally be an aqua park with a wellness area, a restaurant world and a multifunction ice arena. One of the targeted end-user customer groups are touris...

Peikko delivers 2,2 km of Deltabeams and more than 700 tons of other steel structures to "Karisma" shopping center in Lahti, Finland

Thu, 26 Aug 2010 00:00:00 +0300

Peikko Group’s unit in Finland, Peikko Finland Oy, has signed a contract with construction company SRV for the delivery of Deltabeams and other steel structures to a shopping center in Lahti, Finland, just one kilometer away from Peikko’s factories in Lahti. The shopping center “Karisma” will have in two levels about 35.000 m2 of floor space. The investor of the shopping center is Kesko and Kesko’s hypermarket K-citymarket will be the lead renter. In total there will...

Peikko Supplies Deltabeam for Hotel Project

Mon, 19 Jul 2010 17:10:00 +0300

Press release 19.07.2010

The eleven story Holiday Inn hotel under construction in the city of Saskatoon, Canada is the biggest project obtained by the Peikko Group in North America to date.

Peikko Canada, a subsidiary of the Peikko Group, has signed a contract with Stuart Olson Dominion Construction to supply Deltabeam, a revolutionary product developed by the company.

The Deltabeam chosen by Stuart Olson Dominion offers a total flo...

Peikko Canada Inc. Starts Manufacturing Operations in Quebec City

Thu, 29 Apr 2010 00:00:00 +0300

Peikko Canada Inc. was founded in late fall 2007 with the objective of sales & marketing of various products of Peikko Group in North America. During the past two years Peikko’s team in Canada has successfully started the activities and a decision was made to further improve customer service by extending the service range to manufacturing.

During spring 2010 Peikko Canada Inc. will start the manufacturing of connection items sold predominantly to precast ...

Year 2009 Results: First Loss Making Year in Peikko's History

Thu, 29 Apr 2010 00:00:00 +0300

Peikko Group’s net sales dropped by 36% in 2009 to 73.5 million EUR (115 million EUR in 2008). During Q4/2008 and Q1/2009 Peikko’s average raw material price dropped more than 60%. In 2009 Peikko’s core markets in non-residential construction dropped between 5 % to 70%. Many Peikko customers e.g. in Northern Europe lost more than 50% of their 2008 revenues in 2009, several of them making heavy losses as well. Situation in many markets was not just bad, but horrible, ...

Peikko launches a New Single Wire Connection Loop

Wed, 7 Apr 2010 00:00:00 +0300

Peikko Group launches a new product for the connection of pre-cast wall elements. The “PVL” single wire connection loop is best-in-class in its category due to accurate 90 degree positioning during the erection process. Thus, the product enables optimized and safest final structure when wall elements are connected to each other.

Peikko’s patented PVL-product has national approval for static loads and has gone through a rigorous testing program at the VTT Techn...

Peikko started manufacturing in Ras Al Khaimah (RAK), UAE

Wed, 7 Apr 2010 00:00:00 +0300

Al Rashed Peikko LLC, a 50-50 joint venture of Peikko Group Oy of Finland and Rashed Al Rashed & Sons Group of Saudi Arabia, was founded in summer 2008 with the objective of production and sales of various products of Peikko Group in the Gulf Area. During the past 1.5 years the company has started its activities and developed a customer base particularly in the pre-cast segment.

During late fall 2009 Al Rashed Peikko LLC started manufacturing activities in...

Topi Paananen appointed to be the Chief Executive Officer (CEO) of Peikko Group Corporation

Wed, 24 Mar 2010 00:00:00 +0200

Effective 1st of April 2010 there will be the following changes to the top management of Peikko Group.

Mr. Topi Paananen, currently Chairman of the Board of Directors of Peikko Group Corporation, has been appointed as the CEO of Peikko Group. Mr. Paananen is a member of the owning family and has held various positions at Peikko for the past five years.

At the same time, it has been agreed that Mr. Raimo Lehtinen, formerly...

Peikko works to reduce carbon footprint in construction

Tue, 16 Feb 2010 00:00:00 +0200

Peikko commissioned a British expert company in carbon assessment and building construction, dCarbon8, to carry out an independent study on its Deltabeam product. The goal of the study was to assess the lifecycle carbon impact of using Deltabeam versus using widely used universal steel beams in a standard school building design. The study was carried out in compliance with recognized international standard (ISO 14040) for carbon assessment, so as to enable...

Further investments in Peikko Slovakia - Peikko to consolidate all Slovakian activities under one roof

Tue, 16 Feb 2010 00:00:00 +0200

Peikko Group’s subsidiary in Slovakia, Deltabeam Slovakia s.r.o., will consolidate all its operations in Slovakia into one physical location, in the new and modern factory premises located in Kralova nad Vahom. The goal of this decision is to boost productivity and increase the output from the unit.

The current actions include investments to extend the facility by some 500 m2 and to install additional production machinery. Total investment in expansion will be...

Peikko loses only partly a patent case in the Helsinki District Court over Anstar

Mon, 14 Dec 2009 00:00:00 +0200

Peikko Group Oy has lost partly a recent court case in the Helsinki District Court in a patent dispute that it was drawn into by a rival company Anstar Oy. The patent dispute was linked to Peikko’s PC-Corbel product range which was launched onto the market during 2002. The dispute started in 2003 when Anstar Oy sued Peikko and claimed that Peikko was infringing its patent. It was concluded in the legal proceedings during 2003-2008 that Anstar’s patent was valid. The ...

Deltabeam fire tests successful beyond expectations

Mon, 23 Nov 2009 00:00:00 +0200

Peikko Group implemented in November 2009 an extensive four-phase fire-test series for the Deltabeam-hollow-core structure at the fire laboratory of SP Technical Research Institute in Borås, Sweden. The maximum loaded Deltabeam structure was able to perform well in 60, 120 and even180 minute standard fire situation without any additional fire protection materials. The building codes in Europe typically define the required time to be between 60 and 120 minutes, depend...

Peikko to start manufacturing activities in St. Petersburg, Russia

Thu, 5 Nov 2009 00:00:00 +0200

Peikko Group’s subsidiary in Russia, “OOO Peikko”, starts manufacturing operations in the northern part of the city of St.Petersburg. The first production runs in the newly leased facilities will be completed in November. The initial products produced are TERA Joint leave-in-place floor joint systems which are used in industrial concrete flooring. End-customers in Russia using facilities with Peikko’s flooring joints have in recent years been e.g. OBI, K-Rauta, Hyun...

Peikko to deliver 1,5 kilometers of Deltabeam for a New City Hall in Viborg, Denmark

Wed, 7 Oct 2009 00:00:00 +0300

Peikko Group’s subsidiary in Denmark, Peikko Denmark, has signed a contract on Deltabeams with company DS Stålkonstruktion A/S, the biggest steel contractor of Denmark. The contract includes the delivery of 1,5 km Deltabeams in the project for a new city hall of the Viborg Municipality, in the Middle-Jylland, Denmark. In addition to Deltabeams, other Peikko concrete connections such as columns shoes will be used in the project.

The Viborg city hall has been de...

Peikko to deliver Deltabeams for new Multi Storey Car Park in Sheffield, UK

Tue, 29 Sep 2009 00:00:00 +0300

Peikko Group’s subsidiary in the UK, Peikko UK Ltd, has signed a contract with company CIDON Construction for the delivery of Deltabeam composite beams for a new 700 space car park in the city centre of Sheffield in the North of England. The project is an in-situ frame with a total of five split floor levels. Deliveries to the site will start in October this year and complete early 2010. The contract includes 1400 meters of Deltabeam as well as Peikko’s corbels and o...

Peikko supplied TERA Joint for Tesco Mega Distribution Centre, Teesport, UK

Tue, 29 Sep 2009 00:00:00 +0300

Peikko Group’s subsidiary in the UK, Peikko UK Ltd, completed on contract with company Twintec the delivery of 4000 linear meters of TERA Joint for use in the concrete floor of a 90,000 m2 Distribution Centre. The main contractor of the project was Bowmer & Kirkland and the end-client Tesco. The project included a 30,000 m2 area with high bay storage of 33 meters and it will accommodate Tesco’s non-food and electrical items before being distributed to Tesco’s ove...

Peikko offers solutions for wind turbine tower foundations

Mon, 7 Sep 2009 00:00:00 +0300

Due to recent international agreements in the energy sector, there is growing focus on developing new, greener energy sources. One of the fields experiencing growth is wind power and hundreds if not thousands of new wind turbines are in the planning stage in Europe and elsewhere.

To meet this new demand, Peikko has developed of a standardized foundation system for wind turbine towers. Peikko’s offering includes anchor rings, tension bars, top rings of foundatio...

Peikko Group to double the manufacturing capacity of punching reinforcement products

Tue, 16 Jun 2009 00:00:00 +0300

Peikko Group has doubled its manufacturing capacity for punching reinforcement (PSB) product category in its factory in Kralova nad Vahom, Slovakia. The investments consist of new manufacturing machinery with regards to forging, welding and automation.

Peikko Group has offered PSB punching reinforcement solutions for construction companies working with in-situ structures since 2005. The main market area for this product is Central Europe where in-situ building...

Peikko Group launches new, cost-effective leave-in-place formwork system for concrete flooring: TERA Joint Lite

Tue, 26 May 2009 00:00:00 +0300

Following the long-term success of the lightweight LS joints and the introduction in 2007 of the world class leading TERA Joint system, Peikko are now completing the range of Floor Joint solutions with a new Intermediate Joint system, TERA Joint Lite.

Designed as a compliment to the existing products, the TERA Joint Lite is the perfect product for applications where a good quality, quick to install and efficient joint system is required with adequate load tran...

Peikko to deliver Deltabeams for hospital expansion in Kalmar, Sweden

Tue, 26 May 2009 00:00:00 +0300

Peikko Group’s subsidiary in Sweden, Peikko Sverige Ab, has signed a contract with company Skanska Stomsystem AB for the delivery of Deltabeam composite beams for the Kalmar Hospital expansion in southern Sweden. The hospital expansion will have a total of four floor levels. The products will be manufactured in Peikko’s factories in Finland and deliveries to the site will take place between August - November this year. The contract includes 2700 meters of Deltabeam a...

Peikko cuts 50% of the delivery time on Deltabeam projects

Mon, 23 Mar 2009 00:00:00 +0200

Starting from February 2009 Peikko Group is able to deliver individually designed Deltabeam projects in only 3 weeks – including project management, dimensioning, 3D-modelling and production of the beams. Typical lead times from frozen customer design to beam delivery were some 5-6 weeks during winter 2008.

The cutting of the delivery time by 50% is linked with the development projects started during spring 2008 with regards to implementation of new pr...

Peikko Group to deliver composite steel frame for Ritaharju Community Center

Mon, 23 Mar 2009 00:00:00 +0200

Peikko Group has signed a contract with company Palmberg-Rakennus Oy for the delivery of Deltabeam composite beams, composite columns and other steel structures for the Ritaharju community center in Oulu in northern Finland.

The design of the products will be mostly done by Peikko Oulu engineering office and the manufacturing will take place in Peikko’s factories in Finland and Lithuania. Deliveries to the building site are estimated to take place between Marc...

Peikko to have new sales company in Switzerland

Mon, 2 Mar 2009 00:00:00 +0200

Peikko Group continues to invest in its sales channel in Europe and has established a new unit in Canton Zug, Central Switzerland.

The new sales unit in Switzerland, Peikko Schweiz Ag, will serve all client segments of Peikko: building companies, precasters, flooring companies and machinery manufacturers. The company has already been set up and it will become operational in May 2009. It is expected that there are 4-5 persons working in the company by August 200...

Peikko to adjust its operations in Europe to new demand conditions

Mon, 2 Mar 2009 00:00:00 +0200

Due to changed market conditions Peikko Group has started a program to adjust its operations in Europe. There will be no factory closures, but production capacity and other supporting activities will be adjusted to current market demand.

The adjustment activities will involve all of Peikko’s over 800 employees in all 21 legal entities in Europe. The impacts will mostly be seen in the units with manufacturing, but all activities in all countries will be evaluat...

Peikko Group net sales grow 22% to 115,1 million EUR in 2008 - Investments in R&D and sales channels will continue

Wed, 25 Feb 2009 00:00:00 +0200

Peikko Group’s net sales grew by 22% in 2008 to 115,1 million EUR (94 million EUR in 2007). The volume of Peikko’s international sales and production network constituted a clear positive surprise in 2008. Also, deliveries to certain projects in Finland remained at a higher than expected level during 2008.

The group’s profitability remained acceptable with an operating profit of 9,5 million EUR in 2008. Main reasons for the weakened operating profit percentage ...

Peikko to Deliver Deltabeams tnd Composite Columns for "Vierumäki Congress & Resort Hotel" in Finland

Wed, 25 Feb 2009 00:00:00 +0200

Peikko Group has signed a contract with company SRV for the delivery of Deltabeam composite beams and composite columns for the Vierumäki Congress & Resort Hotel in Southern Finland. The products will be manufactured in Peikko’s factories in Finland and Lithuania and deliveries to the site will take place between February – May this year. The contract includes 1 900 meters of Deltabeam and 190 composite columns.

The hotel will be part of the Sport Institut...

Peikko Group Corporation

Tue, 13 Jan 2009 00:00:00 +0200

Peikko Group’s company structure has changed starting 1st January 2009. The parent company of the group (business identity code 0641926-7) Peikko Finland Oy has changed its name to Peikko Group Corporation (in Finnish and other languages than English: Peikko Group Oy) and the entity will focus solely on group level and parent company activities. Simultaneously a newly established 100 % owned subsidiary Peikko Finland Oy (business identity code 2237767-7) will carry o...

New sales unit in Turkey

Tue, 13 Jan 2009 00:00:00 +0200

Peikko Group continues its expansion in Europe and has established a new sales unit in Turkey. After this decision Peikko Group has legal entities for sales & distribution in 21 and own personnel in further three European countries. Outside Europe Peikko operates already in both North America (Canada) and in the Middle East (Saudi Arabia, United Arab Emirates).

The new sales unit in Turkey, Peikko Yapi Malzemeleri Ticaret ve Sanayi Limited Sirketi, focuses...

Peikko Group adjusts its operations in Finland due to significant change in overall market conditions Plans for temporary lay-offs - no permanent reduction of workforce

Mon, 1 Dec 2008 00:00:00 +0200

The market conditions of Peikko Group’s customers, construction companies and precast element factories, have significantly changed during the last months. This is mostly visible in the Nordic and Baltic countries. Due to these adverse market conditions Peikko Group expects a significant reduction of orders particularly during Q1/2009.

Due to rapid and significant change of market conditions Peikko Group’s unit in Finland, Peikko Finland Oy, has started its ac...

Peikko Group to establish new unit in Athens, Greece

Tue, 11 Nov 2008 00:00:00 +0200

Peikko Group’s parent company, Peikko Finland Oy, has decided to establish a new sales and engineering support team in Athens, Greece. The unit of “Peikko Greece A.E.” will focus on sales and technical service to engineering companies, precasters and construction companies in Greece. The services will also include warehousing of standard items during 2009. Key recruitments have been made and the company is expected to be operative 1st January 2009.

Greece as a...

Tetra Pak office in Lund, Sweden, made by Peikko Group´s Deltabeam and composite columns.

Tue, 4 Nov 2008 00:00:00 +0200

Peikko Group has been awarded a project of Tetra Pak office in Lund, Southern Sweden. The value of the contract between Peikko Group and the building contractor NCC is more than 1, 4 mill. EUR. The project includes two separate buildings containing a total area 9.340 m². In tough competition, NCC found the Peikko’s offered turn key solution for the building frame was the most economical solution.

The deliveries of the project will start in November 2008 and con...

Peikko Group to deliver Deltabeams and composite columns for Helsinki Music Centre

Wed, 29 Oct 2008 00:00:00 +0200

Peikko Group has signed a contract with company SRV for the delivery of Deltabeam composite beams and composite columns for the Helsinki Music Centre building site. The products will be manufactured in Peikko’s factories in Finland and deliveries to the site will take place between the coming October – February. The contract includes 1 400 meters of Deltabeam and 170 composite columns.

“The Helsinki Music Centre is presently the most interesting and prestigiou...

Peikko to manufacture customized steel components & structures at Nastola factory Strategy to increase service for construction companies in Finland

Mon, 22 Sep 2008 00:00:00 +0300

Peikko Group’s parent company, Peikko Finland Oy, has decided to continue operations at its Nastola factory after the successful completion of manufacturing operations for component deliveries to Olkiluoto 3 nuclear power plant project. Peikko will start the manufacturing of custom designed steel components and structures for the construction companies in these 3000 m2 factory premises. The operations of Peikko will thus expand to custom designed building products, ...

Large Deltabeam delivery in Germany Peikko Group to deliver 11 kilometers of Deltabeam for Frankfurt Airrail project

Mon, 22 Sep 2008 00:00:00 +0300

Peikko Group’s German unit Peikko Deutschland GmbH has agreed with Züblin AG to deliver 11 km of Deltabeam to the Airrail project in Frankfurt am Main, Germany. The value of the deliveries is expected to be almost EUR 4 million.

The Airrail project is a building with some 200.000 m2 of floor space consisting of spaces for a hotel, shopping and offices. The building is located at the railway station of Frankfurt Airport in the heart of Germany. The Airrail is the la...

Peikko Group to streamline its operations in Finland Aims for more competitive structure and improved efficiency

Thu, 28 Aug 2008 00:00:00 +0300

Peikko Group’s recent very strong growth is now stabilizing. During the last three years Peikko Group’s net sales growth has been on average 39% per annum. During this same period the number of personnel in Finland has increased by 250 employees. In order to maintain its future competitiveness, Peikko Group’s parent company Peikko Finland Oy has decided to start an efficiency program for all of its domestic operations during October – November 2008.

During thi...

Peikko Group expands to France, Latvia and Ukraine

Wed, 13 Aug 2008 00:00:00 +0300

Peikko Group continues to penetrate the construction markets in Europe by establishing subsidiaries in three new European countries: France, Latvia and Ukraine. Peikko’s customers, such as structural designers, precasters and construction companies, are more and more requiring technical support for Peikko’s products in their local language and logistics support in the own local market. After these additions, Peikko personnel provide local service in 23 European coun...

Peikko Group and Rashed Al Rashed & Sons to form joint venture in Saudi Arabia

Wed, 13 Aug 2008 00:00:00 +0300

Peikko Group has entered into a 50-50 joint venture agreement with one of the leading industrial conglomerates in the building materials area, Rashed Al Rashed & Sons, in Saudi Arabia. The joint venture “Al Rashed Peikko LLC” is headquartered in Al Khobar, Saudi Arabia, and will be responsible for all manufacturing, marketing and sales operations in the Gulf Area. Peikko Group’s sales and technical support office, Peikko Gulf F.Z.E located in Ajman UAE, will also...

Successful ramp-up in new Deltabeam factory in the Slovak Republic Peikko Group´s outlook for 2008 very strong: Q1 of 2008 growth 62 percent

Wed, 7 May 2008 00:00:00 +0300

Peikko Group’s biggest investment for 2008, the new Deltabeam factory located in Kralova nad Vahom, Slovakia, started in April successfully. The current output of the factory is more than 50 Deltabeams per week and during the summer months it is estimated to reach a level of more than 150 beams per week. The ultimate goal is to produce more than 250 beams per week..

This major investment of more than ten million euros mostly met both its cost and its timetable targ...

Pekka Rantamäki and Risto Räty to join the board of directors of Peikko Group

Tue, 6 May 2008 00:00:00 +0300

Two new members have joined Peikko Group’s parent company Peikko Finland Oy’s board of directors: Mr. Pekka Rantamäki, CEO of Teknos Group, a company operating in the field of coatings, and Mr. Risto Räty, Vice President of Tekla Corporation, a international model-based software company.

Five old members continue to serve the board: 1) Mr. Mika Halttunen, a chairman of the board of Halton Group, a company operating globally in the field of indoor climate syste...

Peikko Group extends its product portfolio with Modix-rebar coupler

Mon, 21 Apr 2008 00:00:00 +0300

Peikko Group has acquired a rebar coupler product line branded as “Modix” from the Schöck AG of Baden-Baden, Germany. The purchase includes patents, product approvals, trademark, raw materials, finished stock and various production machinery.

The rebar coupler market is estimated to be more than EUR 50 million in Europe alone. Peikko’s target is a significant share of this market within 3-5 years. There are clear synergies of Schöck’s rebar coupler product and...

3D modeling software provider Tekla and Peikko Group intensify cooperation

Mon, 10 Mar 2008 00:00:00 +0200

Peikko and Tekla, the leader in 3D modeling software solutions for the precast industry, have agreed to intensify cooperation both in technical development as well as marketing.

Peikko’s products for the precast industry can be used by structural designers directly as 3D objects in Tekla Structures software. The next update of these 3D objects with improved features will be ready to download from Peikko’s www site by April 2008. The technical suitability of the obj...

Peikko Group net sales grow 57%

Mon, 10 Mar 2008 00:00:00 +0200

Peikko Group’s net sales grew 57% in 2007 to 94,1 million EUR (60,0 million EUR in 2006). The group’s profitability recovered from the year before and operating profit increased to 9,7 million EUR from 3,1 million EUR in 2006.

The volume and profitability of Peikko’s international sales and production network constituted a clear positive surprise in 2007 and this positive development is expected to continue. Due to exceptionally large project deliveries, domes...

Peikko Group launches new floor joint system into European markets

Mon, 11 Feb 2008 00:00:00 +0200

In 2008, Peikko Group is launching a new, high quality floor joint system for the European concrete flooring markets. The new TERA Joint is a leave-in-place formwork system for industrial and commercial concrete floors, enabling fast and high quality production of concrete ground floor slabs.

Peikko Group has started to sell the product simultaneously in more than 20 European countries and during 2008 the company will establish production ...

Peikko Group continues to expand its activities in Waldeck, Germany

Mon, 11 Feb 2008 00:00:00 +0200

Peikko Group has decided to continue investments in its manufacturing facilities in Waldeck, a location near Kassel in the geographical centre of Germany. Currently 75 persons are working at Peikko Deutschland GmbH in manufacturing, warehousing, sales, and technical support.

During 2008, Peikko Group will build new production premises of 3500m2 and invest in several new production equipments to support sales in Germany. The investments will be about EUR 2 million a...

Peikko Group starts operations in Gulf area

Mon, 19 Nov 2007 00:00:00 +0200

Peikko Group has decided to enter the growing construction market in the Gulf area after its successful expansion in Europe. Peikko’s advanced precast connections and patented composite beam, Deltabeam, are very suitable in the Gulf area where the construction time and quality are becoming more important in the coming years. The pre-cast building method is increasing its share in the market, however, the current productivity and quality issues create an opportunity f...

Peikko Group reorganizes in Slovakia and focuses on Central & Southeast Europe

Tue, 2 Oct 2007 00:00:00 +0300

Peikko Group’s parent company Peikko Finland Oy has established a new legal entity, Peikko CEE s.r.o. (CEE = Central Eastern Europe), in Kralova nad Vahom, Slovakia. The focus of this unit is the sales and engineering services in the area of Slovakia, Hungary, Romania, Bulgaria and in the countries of former Yugoslavia.

The new sales and engineering unit is separate from Peikko’s other activities in Slovakia and employs own sales and engineering person...

Peikko Group starts activities in North-America. Peikko Canada Inc. established

Fri, 14 Sep 2007 00:00:00 +0300

Peikko Group has established its first subsidiary outside Europe, in Quebec City, Canada. The units will focus on the sales, engineering services and warehousing for the customers in the Eastern provinces of Canada and North-Eastern states of the United States.

Peikko Canada Inc. has already leased a factory premises where during 2008 it will start the manufacturing activities of various Peikko Group items. Training of the manufacturing personnel is already on...

Peikko Group has agreed as part of bigger customer consortium on actions to improve the market conditions in the Finnish steel rebar market. Please find more info in Finnish below.

Thu, 13 Sep 2007 00:00:00 +0300

Lehdistötiedote 13.9.2007

RYHMÄ SUOMEN BETONITEOLLISUUDEN EDUSTAJIA ON PÄÄTTÄNYT ALOITTAA TOIMENPITEET HARJATERÄSMARKKINAN TERVEHDYTTÄMISEKSI

Suomen harjateräsmarkkinat eivät toimi – hintataso on ilman perusteita nykyisellään yli 20% korkeampi kuin Keski-Euroopassa. Syntyneeseen epäterveeseen tilanteeseen on monta syytä, mm. terästoimittajien keskittyminen ja puuttuva harmonisoitu eurooppalainen standardi.

Ryhmä ala...

Peikko Group establishes an office in Oulu, Finland. Recruitment has started.

Tue, 28 Aug 2007 00:00:00 +0300

Peikko Group’s parent company Peikko Finland Oy has established an office in Oulu, a city located in the Northern part of Finland. The team working in the office space leased in the Oulu Technology Village will focus on preparation of workshop drawings for structural projects, preparations of product calculations and development of product-related software tools. The Oulu office will be the first location for Peikko Group in Finland outside Lahti area.

”We bel...

Patent dispute between Peikko Group and Anstar to continue

Tue, 19 Jun 2007 00:00:00 +0300

The parent company of Peikko Group, Peikko Finland Oy, has lost a court case on a patent dispute that it was drawn into by a rival company Anstar Oy. The patent dispute is linked with Peikko’s PC-Corbel product range which was launched into the market during 2002. The dispute started already in 2003 when Anstar Oy sued Peikko and claimed that Peikko was infringing its patent. Peikko disputed the infringement on several grounds and started invalidation proceedings for...

Mr. Topi Paananen appointed Chairman of Peikko Group

Fri, 15 Jun 2007 00:00:00 +0300

The annual general meeting of shareholders at Peikko Finland Oy, the parent company of Peikko Group companies, has appointed Mr. Topi Paananen Chairman of the Board. As Chairman, Topi Paananen follows his father Jalo Paananen who founded the company. Topi Paananen has been a senior executive at Peikko Group for the past two years, with responsibilities including marketing and international growth.

“This change is a natural and long-planned move from one genera...

Peikko Finland's phone numbers have changed

Mon, 28 May 2007 00:00:00 +0300

Our new office, in Voimakatu 3, has been taken in use. Due to that our phone numbers have been changed from 28th of May. Our new switchboard number is +358 3 844 511. Peikko Finland's direct numbers can be found in www.peikko.fi (the page is in Finnish). Our productions will remain in the old addresses in Vipusenkatu.

Our fax numbers will also...

Peikko Group builds further production capacity in the Slovak Republic. A new 9 meur Greenfield investment on deltabeam factory.

Thu, 3 May 2007 00:00:00 +0300

Peikko Group has decided to further concentrate its Central European manufacturing to the town of Kralova nad Vahom in Slovakia.

A new Greenfield investment of 9 million EUR consists of land, new buildings and equipment to produce Deltabeam composite beams and related products. The new capacity is primarily intended for Central European markets, but it can also serve eg. Spain or the UK. Production is estimated to start in the first quarter of 2008. Some 150 ne...

Peikko Group launches Deltabeam composite column concept.

Mon, 16 Apr 2007 00:00:00 +0300

Peikko Group launches new Deltabeam composite column concept in the Nordic markets. By introducing six standard column types and four standard beam/column connections, Peikko Group can an offer attractive delivery time with reasonable costs to its customers.

The project management for the building projects will be done by local Peikko organizations in Finland, Sweden, Norway and Denmark. The manufacturing of the composite columns takes place in Kaunas, Lithuni...

Peikko Group sales growing 32% in 2006 reaching 60 million eur. 15th subsidiary established in Estonia.

Thu, 22 Mar 2007 00:00:00 +0200

During the year of 2006 Peikko Group was able to grow its net sales with more than 32% to EUR 60 million. Operational profitability remained in a good level despite additional costs related to complex customer projects, costs related to investments and the costs of internationalizing the sales network.

The European construction market outlook for 2007 is strong and thus Peikko's goal in 2007 is to exceed 30% sales growth also this year. This looks real...

Peikko Group to further invest in research and development of Deltabeam. Deltabeam to be sold from 15th July 2007 via Peikko Benelux B.V. in the Benelux countries.

Tue, 2 Jan 2007 00:00:00 +0200

In order to strengthen the market position of patented the Deltabeam composite beam products, Peikko Group has created a separate R&D team lead by the Deltabeam’s original creator, Mr. Jorma Kyckling. Mr. Henk Diepeveen and Mr. Oane van Driesum, formerly working for a Deltabeam presentative in the Benelux countries, Deltabeam International BV, are the vital team members of this initiative. Part of the R&D work will be commenced in Finland, production unit of ...

Peikko Group to found subsidiary in Poland. Peikko operates already in 15 European countries.

Thu, 14 Dec 2006 00:00:00 +0200

Peikko Polska Sp. z o.o. is the 14th subsidiary of Peikko Group’s parent company Peikko Finland Oy. The new unit in Poland has started its activities in Sopot, a city next to Gdansk by the Baltic Sea.

The target for the Polish subsidiary is the marketing, sales and technical support of Peikko and Deltabeam products for the growing Polish construction market. The unit will have three employees during winter 2007.

“We have had customers and projects in Pol...

Peikko Group to expand its product portfolio in the field of concrete element lifting systems. Peikko Deutschland GmbH's new central warehouse taken into use.

Tue, 26 Sep 2006 00:00:00 +0300

Peikko Group has started to market an expanded product range in the field of transportation anchors in Europe. The products are used to lift precast concrete elements during the assembly at the construction site. The first products are T-spherical anchors and HFS fixing sockets for precast element supports. During winter 2007 the product series will also include socket anchors.

Part of the production of the new product portfolio and the European central storag...

Peikko Group to found an engineering office in Bratislava, Slovakia. Peikko Group established subsidiary in Austria.

Thu, 14 Sep 2006 00:00:00 +0300

Peikko Slovakia s.r.o. has decided to set up an engineering service center in Bratislava, the capital of Slovakia. The aim is to have more than ten structural engineers and 3D-designers at the beginning of 2007. The center will serve other Peikko Group units in back-up functions of various customer projects.

”The goal of Peikko Group is to serve customers with solutions that have a fit to the project in question and that could use Peikko’s standardized product...

Peikko Group builds new office in Lahti. Annual sales turnover expected to grow 20%.

Fri, 18 Aug 2006 00:00:00 +0300

Peikko Group has decided to build a new 1500 m2 office building in Lahti area. The investment of about EUR 3 million will improve significantly Peikko’s ability to focus on R&D and in particular, to find the synergies between the sales and R&D functions.

The new premises are located next to the Lahti production plants and they will be taken into use during spring 2007. There will be some 70 white collar workers moving to the new location, from the curr...

Peikko Group establishes subsidiaries in the Netherlands, United Kingdom and Russia

Wed, 28 Jun 2006 00:00:00 +0300

Peikko Group’s parent company Peikko Finland Oy has decided to establish subsidiaries in the countries of Netherlands, United Kingdom and Russia.

“Peikko Benelux B.V.” will focus in the start-up phase on sales, technical service and warehousing services of Peikko fastening items in the countries of Netherlands, Belgium and Luxembourg. The office and warehouse will be located in Vaassen, a town near Apeldoorn. Key recruitments have been made in May.

In U...

BRC Special Products to further expand its product portfolio for the UK market. Peikko Group to continue with Deltabeam via its own subsidiary in UK.

Wed, 28 Jun 2006 00:00:00 +0300

Peikko Group has decided to establish a subsidiary in the UK of Peikko UK Ltd. with a focus on the concrete precast market and sell its Deltabeam product as part of its concrete connections product portfolio. The activities of the company will begin in September 2006.

BRC Special Products has decided to further expand its own product portfolio and supply customers with an equivalent product range. BRC’s target is to be the most innovative frame supplier for its...

Mika Halttunen and Risto Vahanen to join the board of directors of Peikko Group

Mon, 24 Apr 2006 00:00:00 +0300

Peikko Group’s parent company Peikko Finland Oy had a shareholders meeting 21st of April 2006 and confirmed a new board of directors.

The new members of the board are Mr. Mika Halttunen, a chairman of the board of Halton Group, a company operating globally in the field of indoor climate systems, and Mr. Risto Vahanen, CEO of Vahanen Group, a consulting engineering company operating in Finland, Russia and the Baltics.

The old members of the board will con...

Peikko Finland Oy receives "The Employer Of The Year" -award from the city of Lahti

Tue, 7 Mar 2006 00:00:00 +0200

The city of Lahti has decided to give “The Employer Of The Year” –award to Peikko Finland Oy, a family-owned company specialized in composite beams and fastening products for concrete connections. This award has been given annually since 1996 on outstanding companies in the area of Lahti.

The criteria for the recognition are e.g. amount of new employees hired, employment of aged, long unemployed or disabled persons, significant personnel development activities...

Peikko Group received large orders for Deltabeam in Finland and in Denmark

Tue, 7 Mar 2006 00:00:00 +0200

Peikko Group received Deltabeam composite beam orders for three significant building sites in the Nordic countries.

In down-town of the city of Lappeenranta, Finland, there will be a new “Keskustagalleria” building with both shopping and office areas. The amount of Deltabeams for the site will be approximately 4,2 kilometres and it is the biggest Deltabeam project ever delivered to Finland. The responsible construction company of the project is NCC/OKA.

I...

Peikko Group to further expand its Lahti factory

Fri, 27 Jan 2006 00:00:00 +0200

Peikko Group has decided to build further 1200 m2 expansion to its Lahti factory. The new facility will include space e.g. for final assembly and will improve the logistics of the factory. The expansion will be taken into use during early spring 2006.

As far as the earlier informed expansions are concerned, the renovated production area of 1700 m2 for the Olkiluoto-project is currently under ramp-up and the expansion of the Deltabeam factory will be finalized ...

Peikko Group to acquires steel structure plant from AB YIT Kausta in Kaunas, Lithuania

Fri, 27 Jan 2006 00:00:00 +0200

Peikko Group has acquired the steel structure plant of AB YIT Kausta, a member of the YIT Group. The plant is located in the city of Kaunas, Lithuania. Around 30 current employees are transferred to the newly formed Peikko Group subsidiary, UAB Peikko. Also all orders, stock and assets will be transferred to UAB Peikko. All current manufacturing of steel structures such as trusses, columns, standard steel beams etc. shall continue under the ownership of Peikko Group....

Peikko Group awarded 9 MIO EUR contract for Olkiluoto project

Tue, 13 Dec 2005 00:00:00 +0200

Peikko Group has entered into delivery agreements with a total value of more than 9 million euros with construction companies, mainly Framatome FANP, that build the new Olkiluoto 3 nuclear power plant in Finland. The fastening plates and other products will be delivered during 2006 and 2007.

The awarded contract is the largest in Peikko Group’s history. According to the customers, the supplier selection was influenced by Peikko’s ISO 9000 quality standard, EN ...

Peikko Group to establish new subsidiaries in Czech Republic and in Italy

Tue, 13 Dec 2005 00:00:00 +0200

Peikko Group has decided to strenghten its international network by founding its own subsidiaries in Milano, Italy and Prague, Czech Republic. Peikko Italia S.r.l. and Peikko Czech Republic s.r.o. will act in the field of sales, marketing, engineering support and logistic services. Both companies will have several recruitments during the next months.

Peikko’s products have been sold to Italian market already since 1999. The founding of the subsidiary a...

Teräspeikko's new name Peikko.

Tue, 8 Nov 2005 00:00:00 +0200

Teräspeikko Oy, a company founded in 1965 and specializing in composite beams and fastening products for concrete connections, has changed its name to Peikko Finland Oy. Peikko Finland Oy is the Group’s parent company and in general the company will be called by Peikko Group.

The amount of international business is more than 50% of Peikko Group’s business and the new names fit better for international use. The name change is part of a larger change in which Pe...

Teräspeikko to expand production in Germany and to establish a new manufacturing plant in Slovakia

Thu, 20 Oct 2005 00:00:00 +0300

The turnover of Teräspeikko Group’s sales will grow this year more than 20%. The following investments in Germany and in Slovakia will strengthen Teräspeikko’s position as one of the leading European producer of fastening products for the concrete industry.

EXPANSION IN GERMANY

Teräspeikko has done certain structural changes in its subsidiary in Germany and at the same time expands the production in Waldeck, Germany. The investments are of value more tha...

Teräspeikko to select Microsoft AXAPTA for the ERP -program

Mon, 3 Oct 2005 00:00:00 +0300

Teräspeikko Oy has selected Microsoft’s Axapta for its new enterprise resource system (ERP) and WM-data Oy as its implementation partner.

Due to the recent growth period it has become necessary to renew and unify the operating systems in use at Teräspeikko Group. The growth in turnover has been annually around 15-20% and this year the turnover will be more than EUR 40 million. The selected ERP system will support Teräspeikko’s efforts to expand to new markets a...

Teräspeikko to expand Deltabeam production in its Lahti factory

Thu, 15 Sep 2005 00:00:00 +0300

Teräspeikko Oy increases its Deltabeam production in its Lahti production facility. The value of the investment is about EUR 700.000 and it includes enlargening of the production area and several new production machines. The goal of the investment is to increase beam production capacity by 30%. The planned ramp-up of the investment is March 2006. There will be some 5-10 new job positions due to investment.

The demand for the Deltabeam has continued strong alrea...

Peikko - News

Peikko has signed a memorandum of understanding with AREVA

Peikko's PSB Punching Prevention System receives ETA approval

Peikko Group has filed a petition to the Finnish Market Court to prohibit actions of Schöck Bauteile GmbH's Finnish distributor

New issue of Concrete Connections Customer Magazine published

Peikko Group in 2012: Net sales MEUR 112.9, growth 8%

Changes in Peikko Group's management: New managers for 4 Peikko units

Peikko offers customized wind turbine foundation design within one business day

Peikko delivers composite structures to the Tikkurila Train station area in Vantaa, Finland

Peikko continues to strengthen its network: Sales offices in Australia and India opened

Peikko delivers 1.3 km of Deltabeams and concrete connections to a office building project in Warsaw, Poland

New Software tool for Deltabeam preselection

Peikko delivers composite structures to Malmö University expansion in Sweden

Peikko’s composite structure solution chosen to an office building project in the heart of Helsinki, Finland

Peikko Group invests in Finland: Additional capacity to Deltabeam production

Stefan Nyström appointed to Peikko Group's Board of Directors

Peikko to deliver 1.2 km of Deltabeams to a shopping mall project in Czech Republic

Peikko to supply the wind turbine tower foundation solution to Finnish Muukko wind park

Peikko Group to purchase 8 700 m² production premises in Kaunas, Lithuania

Peikko's Deltabeam to receive CE marking as steel structure

Peikko’s foundation solution chosen for Tervola wind park in Finland

Peikko to deliver large Deltabeam order to Lithuania

Peikko Group in 2011: Group net sales EUR 104.5 million, growth 36%

Major Deltabeam Deliveries to the Growing Tampere Region of Finland

Peikko supplies components to the world's largest pulp mill project in Uruguay

Peikko continues to invest in its Middle East operations

2011 strong for Peikko, ownership succession to strengten balance sheet and long-term development

Official Opening Ceremonies at Peikko Zhangjiagang

Peikko's Foundation Solution chosen for Wind Park to be built in Hamina, Finland

Judgment on Anstar versus Peikko court case: Anstar lost its appeal

Peikko launches post-tensioning solution for dynamic loads

Peikko and ENERCON to expand their cooperation

Seppo Rajamäki and Jussi Vanhanen to join the Board of Directors of Peikko Group Corporation

Peikko Group Year 2010: Operative Break-Even Result

Peikko to start own manufacturing operations in China

Peikko to have new sales unit in Minsk, Belarus

Peikko delivers 0,8 km of Deltabeams and connections to SKANSKA's Green Towers project in Wrocław, Poland

Peikko delivers 3,5 km of Deltabeams and more than 300 tons of other steel structures to Triotto Business Park

Peikko Group has filed opposition to Permaban patent and denies any co-operation

Peikko launches ECO Galvanizing method

Peikko to launch the NIRO balcony connector system into Nordic Countries, Baltics and Russia

Peikko supplies rebar couplers to a 220 meter-high building in Vienna, Austria

Peikko delivers 3,5 km of Deltabeams and more to a spa hotel in Finland

Peikko delivers 2,2 km of Deltabeams and more than 700 tons of other steel structures to "Karisma" shopping center in Lahti, Finland

Peikko Supplies Deltabeam for Hotel Project

Peikko Canada Inc. Starts Manufacturing Operations in Quebec City

Year 2009 Results: First Loss Making Year in Peikko's History

Peikko launches a New Single Wire Connection Loop

Peikko started manufacturing in Ras Al Khaimah (RAK), UAE

Topi Paananen appointed to be the Chief Executive Officer (CEO) of Peikko Group Corporation

Peikko works to reduce carbon footprint in construction

Further investments in Peikko Slovakia - Peikko to consolidate all Slovakian activities under one roof

Peikko loses only partly a patent case in the Helsinki District Court over Anstar

Deltabeam fire tests successful beyond expectations

Peikko to start manufacturing activities in St. Petersburg, Russia

Peikko to deliver 1,5 kilometers of Deltabeam for a New City Hall in Viborg, Denmark

Peikko to deliver Deltabeams for new Multi Storey Car Park in Sheffield, UK

Peikko supplied TERA Joint for Tesco Mega Distribution Centre, Teesport, UK

Peikko offers solutions for wind turbine tower foundations

Peikko Group to double the manufacturing capacity of punching reinforcement products

Peikko Group launches new, cost-effective leave-in-place formwork system for concrete flooring: TERA Joint Lite

Peikko to deliver Deltabeams for hospital expansion in Kalmar, Sweden

Peikko cuts 50% of the delivery time on Deltabeam projects

Peikko Group to deliver composite steel frame for Ritaharju Community Center

Peikko to have new sales company in Switzerland

Peikko to adjust its operations in Europe to new demand conditions

Peikko Group net sales grow 22% to 115,1 million EUR in 2008 - Investments in R&D and sales channels will continue

Peikko to Deliver Deltabeams tnd Composite Columns for "Vierumäki Congress & Resort Hotel" in Finland

Peikko Group Corporation

New sales unit in Turkey

Peikko Group adjusts its operations in Finland due to significant change in overall market conditions Plans for temporary lay-offs - no permanent reduction of workforce

Peikko Group to establish new unit in Athens, Greece

Tetra Pak office in Lund, Sweden, made by Peikko Group´s Deltabeam and composite columns.

Peikko Group to deliver Deltabeams and composite columns for Helsinki Music Centre

Peikko to manufacture customized steel components & structures at Nastola factory Strategy to increase service for construction companies in Finland

Large Deltabeam delivery in Germany Peikko Group to deliver 11 kilometers of Deltabeam for Frankfurt Airrail project

Peikko Group to streamline its operations in Finland Aims for more competitive structure and improved efficiency

Peikko Group expands to France, Latvia and Ukraine

Peikko Group and Rashed Al Rashed & Sons to form joint venture in Saudi Arabia

Successful ramp-up in new Deltabeam factory in the Slovak Republic Peikko Group´s outlook for 2008 very strong: Q1 of 2008 growth 62 percent