23.05.2025

Hiab invests €19 million in Multilift facility

Hiab is investing €19 million to expand and modernise its Multilift production facility in Raisio, Finland. The project will include modernising the production and office facilities, implementing energy efficient solutions to reduce consumption, and creating a new showroom.

Construction is scheduled to begin in autumn with completion expected in 2027. The investment forms part of Hiab's total capital expenditure for this year of €80 million excluding acquisitions.

Hermanni Lyyski, president of demountables said: "The strategic initiative to expand the Raisio facility will enhance production capabilities, improve employee well-being, and support Hiab's sustainability goals."

Operations Director Jussi Peltoniemi added: "With the current facility completed in the late 1970s - 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."