Hiab, a manufacturer of on-road load-handling solutions, has invested 19 million euros in expanding and modernising its ‘Multilift demountables’ production facility in Raisio, Finland. This development will see Hiab modernise the Raisio production and office facilities, reduce energy consumption through energy-efficient solutions, and provide a new showroom.
The construction is planned to begin during the autumn of this year and be completed during 2027; and as the new complex will be separate from the current structure, there should be no disruptions to production nor other work at the Raisio facility. This year’s share of expenditure is included in the estimate of Hiab’s total capital expenditure (excluding acquisitions) for 2025 of about 80 million euros.
Hermanni Lyyski, Hiab’s president (demountables and defence), said: “Hiab Multilift is the world’s leading demountables manufacturer, providing solutions for both commercial and defence use. The initiative to expand the Raisio facility will enhance production capabilities there, improve employee well-being, and support Hiab’s sustainability goals; and with the current facility completed in the late 1970s to early 1980s, the Raisio plant has been located in the same area since the late 1950s.
“The modernisation will be a significant continuation of the development activities carried out in Raisio last year, such as the major layout change and starting to operate according to Hiab’s new factory production model.”
Hiab is represented on every continent through its extensive network of 3,000 own and partner sales and service locations, enabling delivery to over 100 countries. The company’s continuing operations sales in 2024 totalled about 1.6 billion euros and it employs over 4,000 people.