Mirka
Third sustainability report from the KWH Group
The KWH Group has published its third consolidated sustainability report. It includes both KWH Group Ltd and the companies in all our business divisions. The 2024 sustainability report thus includes information from Mirka, KWH Logistics, KWH Invest (Prevex) and KWH Freeze in addition to the owner company and its operations. Therefore it has the same scope as the consolidated financial reporting.
Mirka opened production facility in the USA
Mirka has inaugurated its first production facility outside Europe. Located in Indianapolis, Indiana, the new unit strengthens Mirka’s presence in the strategically important North American market and marks a major milestone in the company’s global growth journey.
Record result for KWH Group despite challenging market conditions
2024 brought both challenges and successes to the KWH Group. Our sales rose to EUR 625.1 million, with an operating profit of EUR 76.9 million. Net profit for the financial year totalled EUR 63.1 million, the best in the Group’s history.
KWH Group’s second sustainability report published
The KWH Group published its second Group-wide sustainability report at the end of May. The report describes the KWH Group’s objectives, tools and actions to promote sustainability. It also presents the key sustainability indicators for the KWH Group and its business groups.
2021 was a record year for the KWH Group
The year of 2021 was time of strong growth. Turnover and operating profit reached their highest level ever in the KWH Group’s history.
Mirka Acquired Robotics Specialist Flexmill
Our biggest subsidiary Mirka announced the acquisition of 100% of the shares of the Finnish robotics company Flexmill, based in Nurmijärvi outside of Helsinki. The acquisition gives Mirka the possibility to offer complete solutions and integration services for automated and robotized surface finishing.
We support relief efforts in Ukraine
The KWH Group and our four divisions Mirka, KWH Logistics, KWH Freeze and Prevex donate a total of € 25,000 to support various relief efforts in war-torn Ukraine. Most go to the Finnish Red Cross (FRK). Support is also given to Nada Nord ra, which arranges bus transports from Poland to Pietarsaari, Finland for women and children fleeing Ukraine.
Mirka has acquired another subsidiary in Italy
Mirka has finalized the acquisition of 100% of the shares of Superabrasive Dressing Rolls manufacturer URMA Rolls s.r.l.
Covid 19 -pandemic caused surprises in KWH Group’s result
The KWH Group was also hit hard by the Covid 19 -pandemic in the Spring 2020, but the situation improved sharply towards the end of the year. After the crash in the spring, our operations recovered strongly, operating profit was better than last year, and sales fell only by two per cent.
Mirka is launching the world’s first smart electric sander
Mirka® AIROS is the first smart electric sander for robotic sanding applications. Integrated with OEMs’ robotic systems or collaborative robots it can carry out intensive, high workload sanding, where precision and minimal maintenance is critical.
Read the book KWH 90 years – The constant change
The web page Vaasa Insider is publishing book about the KWH Group’s recent history for everybody to read.
2019 – A year of investments
The KWH Group´s year 2019 was marked by record investments which totaled EUR 135 million. As some of the investments will be completed in 2020, this year’s investments will also be high.