Large scale process industry investment projects

The project is already started, installations on site will commence at the beginning of next year and the entire project shall be completed by end-2024.

These investments will help Fineweld to develop innovative methods and solutions for the manufacturing of industrial pipelines as well as to strengthen the company's position as a provider of demanding projects in key future industries such as battery chemical, hydrogen, and carbon-free steel production. This development project is co-funded by the European Union.

Mr Sundqvist’s is Engineer (BSc) in both Industrial Engineering and Operating Technology. Prior to his appointed as CEO, Mr Sundqvist worked more than a decade as Project Manager at Fineweld Oy. His prior responsibilities have included, e.g., the company’s largest ever deliveries to Northvolt’s battery material factory to Skellefteå, Sweden.

Fineweld’s prior CEO, entrepreneur and founder Matti Laitinen, will continue as Chairman of the Board of Directors of the parent company FW Capital Oy and CEO of the Group.

”Now is a good time to give project expertise a stronger position in the company management, and this solution will further strengthen Fineweld as one of the leading specialist companies for project deliveries in the Nordic countries”, says entrepreneur Matti Laitinen.

Fineweld Oy is one of the leading Nordic project delivery specialists, focusing on large supplies for the process industry such as the battery material, chemical, forestry, metal, and mining industries.

Additional information will be issued by:

FW Capital Oy, Group CEO Matti Laitinen, Tel. +358 40 086 0914+358 40 086 0914 (fin) and
Fineweld Oy, CEO Daniel Sundqvist, Tel. +358 40 823 5163+358 40 823 5163 (fin, eng, sve)

The modular pipe bridge concept designed and developed by Fineweld has awaken great interest in particular with major forestry sector companies for their billion-euro level investment projects. Entrepreneur and founder of Fineweld, Matti Laitinen, comments the procurement as follows:

“This is already the third large pipe bridge project in the past five years where we have been selected as supplier. It feels great that after two of Sweden’s largest forestry industry projects, we also won this contract for Metsä Fibre/Group’s Kemi bioproduct mill that is by far the largest and most interesting project in Finland for the moment. This proves that when you have guts to do things in a slightly different way from your competitors and concentrate on demanding project deliveries, Finnish companies will continue to have the opportunity to participate in such mega-level projects”.

The project will start immediately, installations on site will commence at the beginning of next year, and the entire project shall be completed by mid-2023.

Fineweld’s owner and CEO Matti Laitinen is extremely happy describing the biggest contract in Fineweld’s history.

“This is a unique opportunity for us to be a pioneer in building a completely new industry in European scale. This project is an excellent opportunity for us to show our proven skills in large industry projects and create a concept for building a series of similar process lines for coming investments in Skellefteå and possibly on other European locations. This project alone will take more than two years and it gives us a great possibility to lift our company to a new level.”

Project will be executed in alliance with ABB and Sweco. Sweco will take responsibility for engineering. ABB will deliver plant electrification, instrumentation and automation.