Prevex
Prevex turns 70 this year
The story of our subsidiary Prevex began in 1955 in Nykarleby. The business started with extrusion of plastic pipes. This year the company celebrates its 70th anniversary.
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.
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.
KWH Group invests in sustainable development
The first half of 2023 was challenging, but thanks to a strong last quarter, KWH Group reached a good financial result in the end.
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.
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.
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.
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.
Last year Prevex and Mirka received recognition for their innovativeness
Mirka and Prevex are investing in product development. Their goal is to be the best in the world in their fields. As last year’s success shows, they are starting to reach their goal.
KWH – a group in constant change
Most companies in Finland do not live to see their fifth birthday, but KWH Groups turns 90 years on August 28, 2019. Behind the success lies the ability to adapt the business to changes in the environment, a combination of ending such activities that no longer work and to invest in new niches with potential.
Prevex renews its organization
Prevex that produces world´s most space saving, and innovative water traps has renewed its organization during summer by recruiting new CEO, executive vice president and HR-manager.