HANZA awarded important manufacturing contract from RVM Systems
HANZA Holding AB (publ) implements a new manufacturing solution for RVM Systems AS, following a so-called MIGTM analysis.
HANZA, listed on First North Premier, has been commissioned to implement a new manufacturing solution for the Norwegian RVM Systems AS. The assignment was obtained after a MIG™ analysis, that is, a process of analyzing the customer’s manufacturing process and tailor a new production solution. The estimated value of the order amounts to more than 40 MSEK annually. Production is expected to commence in the third quarter in 2016.
"We have developed a new manufacturing solution for RVM, which we now also have been trusted to execute." says Thomas Lindström, Senior Vice President, Head of Business Solutions HANZA. "It includes, among other things, a transfer of RVM’s manufacturing site in Finland to our manufacturing cluster in Estonia."
RVM Systems AS is a leading company in sales and marketing of products for the recycling industry. By conducting a so-called MIGTM-analysis on RVM’s supply-chain, HANZA has developed a tailor-made and quality assured manufacturing solution with significantly higher flexibility and significantly lower cost. The new solution also brings an estimated manufacturing volume to HANZA exceeding 40 MSEK annually, with start in the third quarter of 2016.
"We are in a growth phase, we are currently developing and launching a number of new, competitive products." says Gudmund Larsen, CEO RVM Systems AS. "Hence, it is essential to create a new, efficient manufacturing solution that will free resources for our core business."
Thomas Lindström, VP Head of Business Solutions, Phone 46 702 98 39 39, e-mail: email@example.com www.hanza.com
The information in this press release is such that HANZA must disclose it in accordance with the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 08.30. July 6, 2016. Erik Penser Bankaktiebolag is the company's certified adviser.
This press release may contain certain forward-looking statements that reflect HANZA’s current views of future events and financial and operational performance. Words such as "intends", "anticipates", "expects", "may", "plan ", "anticipate" or similar expressions regarding indications or predictions of future developments or trends, and are not based on historical facts, constitute forward-looking information. Forward-looking information is inherently associated with both known and unknown risks and uncertainties because it is dependent on future events and circumstances. Forward-looking statements are not guarantees regarding future results or developments and actual results may differ materially from those set forth in forward-looking information.