Nobia has, following customary negotiations with the local union, decided to transfer the production of its Novart kitchen range for the Finnish market from Nastola, Finland, to Nobia’s manufacturing facility in Ølgod, Denmark, and consequently close the factory in Nastola.
The transfer will involve a one-time cost of approximately Euro 6 million, of which Euro 1 million is non-cash, which will be recognized in Nobia’s Q2 2025 results. The transfer to Ølgod is expected to be completed during 2025 and generate annual efficiencies of approximately Euro 4 million.
“While maintaining a Nordic-based production footprint, this move is aimed at strengthening Nobia’s long-term presence and competitiveness in the Finnish kitchen market. The relocation leverages economies of scale and other advantages provided by Nobia’s Nordic supply chain network, including an improved product portfolio,” says Kristoffer Ljungfelt, President and CEO of Nobia.
Nobia develops, manufactures and sells kitchen solutions.
