Johan Brengesjö, managing director of Kockums MaskinWith an increase in turnover of over 16% from 2022 to 2023, the machined cast iron supplier
Kockums Maskin, based in Kallinge, Sweden, has achieved a turnover of 18.9 million euros. The year’s pre-tax profit of 380,000 euros is more than double the 2022 profit of 155,000 euros. Among other things, the year was characterised by increased cooperation with the other companies in the
BIRN Group, of which Kockums Maskin is a part.
Kockums Maskin had an eventful year in 2023 with Johan Brengesjö being appointed as the new managing director in October, while the company’s management and administrative staff moved from its former headquarters to a new office building in close proximity to the production facilities to have the entire operation more integrated.
The company, which dates back to 1742 and is today one of the leading producers of machined castings in Scandinavia, has stood firm in the wake of the recession that has begun to spread in parts of the world.
Mr Brengesjö said: “We have come out of 2023 well and delivered a satisfactory result that we can be proud of. The increase in both revenue and profit compared to 2022 is due to increased market focus, optimised processes and increase of productivity.”
In 2023, a new strategy and a new visual corporate identity for the foundry group BIRN Group, of which Kockums Maskin is a part, was launched. BIRN Group is one of Northern Europe’s largest foundry groups and includes the three Danish companies: BIRN in Holstebro, Tasso in Odense and Uldall in Vejen as well as BIRN Germany in Germany, Tasso Bernareggi in Italy and Kockums Maskin in Sweden. The new group strategy increases cooperation across the group’s companies.
BIRN Group CEO Claus Beier said: “Our collaboration across the Group and in different functions within the companies has intensified. We work together as one team across the Group and subsidiaries, and over the past year we have optimised our collaboration on common customers and markets.”
BIRN Group and Kockums Maskin have noticed an increased environmental awareness among their customers and for the second year in a row, BIRN Group has prepared a sustainability report that provides a comprehensive overview of where the Group stands in terms of climate, environmental, social and government initiatives to support the upcoming European Union sustainability reporting requirements.
Mr Brengesjö, concluded: Within Kockums Maskin and the BIRN Group, we are doing our best to drive the business in a more sustainable direction. With our market position and customers in various segments, we note a positive and increasing demand for more sustainable cast iron solutions, which are among others requested for electrified vehicles.”