The worst of the component shortage is already behind us, says Mika Saariaho, CEO of Raute

Raute company headquarters in Lahti.  The picture shows the company's blue logo sign and the windows of the office tower.
Raute oyj’s headquarters in Nastola, Lahti, has made major deals with Latvia, Uruguay and France in the first half of the year.

Raute oyj, based in Nastola, Lahti, is aiming for significant growth in the coming years.

The engineering company Raute has received three major orders for wood processing plants for delivery to the world early this year.

A large plywood plant expansion in Latvia, a plywood plant in Uruguay and most recently a veneer beam plant in France.

He says there are small uncertainties in the immediate outlook, which can bring ups and downs, but the longer-term outlook is good.

Raute’s goal, which generated a turnover of 127 million euros last year, is to double the turnover in five years.

The large orders at the beginning of the year bring work not only to our own production and engineering work in Nastola and Kajaani, but also to an extensive domestic subcontracting network.

All in all, the vibe around Raute is quite positive and the component shortage that caused friction has already subsided.

– For us, last year it meant that the subcontractors’ ability to deliver products on time was clearly weakened. Now the situation has already improved, says Saariaho.

– We have expanded the procurement of components to new suppliers and different components, so that a wider variety of options have been found.

– We also have to reserve and order components ourselves in good time. With these methods, we have been able to offer our customers products and projects on time, says Saariaho.

– Constant preparation and follow-up, and also being on your toes a bit to be able to get things to the finish line on time, Saariaho describes.