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Markets

  • Investors
    • Investors
    • CEO's review
    • Key figures
    • Business model
    • Strategy
    • Markets
    • Financial goals
    • Outlook
    • Corporate Responsibility
  • Releases
    • Releases
  • Reports & Presentations
  • Share
    • Share
    • Share monitor
    • Shareholders
    • Flagging obligation
  • Corporate Governance
    • Corporate Governance
    • General meeting
    • Annual General Meetings
    • Board of Directors
    • CEO & Executive Management team
    • Auditing
    • Risk management
    • Insider Administration
    • Articles of association
    • Certified advisor
  • Investor relations
    • IR calendar
  • Disclosure policy

Norrhydro is one of the leading manufacturers of high-quality hydraulic cylinders in the Nordic countries and a supplier of linear motion control systems for demanding mobile machines. We operate mainly in Finland and the Nordic countries, and our customer base consists of the largest operators in the forest machinery industry, material handling, construction equipment, mining and marine industries. We focus on close and long-term strategic partnerships with leading industrial manufacturers.

 Our largest customer segment consists of forest machine industry operators and accounted for 37 per cent of our turnover in 2020. The second-largest segment of turnover was the construction equipment and mining sector and the third-largest was material handling. We are a pioneer in intelligent hydraulic systems, and we expect the NorrDigi® system and its share of our revenue to increase significantly in the future.

Demand for hydraulics is supported by the following factors:

  • The earthmoving and forestry machinery industry depends on hydraulics and quickly deploys modern equipment
  • Demand for material handling machines is boosted by globalisation and the growth of e-commerce*
  • The need for advanced hydraulics expands to almost all machinery manufacturing industries
  • Automation and autonomous machines accelerate hydraulics growth*
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Global markets

The source of this section is hydraulics market with Covid-19 impact analysis (2020), produced by MarketsandMarkets.

Norrhydro's Segments
Forestry-is-one-the-Norrhydros-segments
One-of-Norrhydros-segments-is-material-handling-1
Metso_Outotec
Hydraulic cylinders for mining machines

Hydraulic solutions for demanding applications

Norrhydro has experience in almost all cylinder applications and an excellent understanding of the needs of its customers in different industries.

  • Forestry 
  • Material handling
  • Construction equipment
  • Mining
  • Marine & Offshore
Norrhydro

 

Norrhydro Group Oyj

Headquarter & production

Ratavartijankatu 2

FI-96100 Rovaniemi, Finland    

Cargo-in: +358 40 618 4054


Product development 

Raspinkatu 4
FI-33840 Tampere, Finland

Engineering office
Microkatu 1
FI-70210 Kuopio, Finland

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