Industrial Process sells solutions, subsystems and components that contribute to optimising industrial process flows. Customers operate mainly in the northern European manufacturing and processing industries.
Industrial Process focuses on developing business benefits, offering customers product solutions and services that help streamline their industrial process flows. Value is added through more competitive products, positive environmental effects, time gains and other opportunities for customers to achieve improvements in quality and increase their profitability. Based on their technical expertise, the subsidiaries hold leading positions in several narrow niches and generate competitive advantages for themselves by working closely with customers and offering superior technical expertise.
The operations were characterised by favourable organic growth over the year. The marine segment continued to grow strongly. Demand also increased in several customer segments in the Nordic process industry, including the forest industry. Sales to the manufacturing industry remained stable, and operations outside the Nordic region also developed very positively.
A high pace of development and innovation in industrial process flows and increased demands for reduced environmental effects continue to increase the rate of investment. This presents opportunities for continued growth in line with the market. At the same time, certain niches, associated with surveying, for example, have considerable opportunities to grow faster than the market. The marine segment, for example, is expected to continue growing over the next few years due to stricter new emission requirements. The paper, energy, chemical and pharmaceutical industries, among others, also have an increasing need of equipment for controlling and analysing different processes.