Fine Scandinavia

Type
Reshoring
Country
Sweden
Reshoring from
Vietnam
Reshored business function
Production
Region
Södra Sverige; Småland med öarna; Jönköpings län
Location of affected unit(s)
Anderstorp
Sector
Manufacturing
(24 - 25) Manufacture of metals
24.2 - Manufacture of tubes, pipes, hollow profiles and related fittings, of steel
24.2 - Manufacture of tubes, pipes, hollow profiles and related fittings, of steel
No information on job gains number available
Announcement Date
15 June 2018
Employment effect (start)
1 January 2018
Foreseen end date

Description

Fine Scandinavia is a Swedish subcontractor specialized in product development and manufacturing of wood-, steel-, wire- and tube product. The company belongs to the Konga Mekaniska Verkstad AB Group owned by the family Kongamek. More specifically, Fine Scandinavia was established in 2015 after the acquisition of HJ Johanssons Industri AB by the family Kongamek. The company has two main facilities, in Sweden (Anderstop) and in Vietnam. However, in 2018, top managers decided to move back in Sweden  some product lines earlier manufactured in the South East Asia plant. The company CEO declared the company based its decision mainly on the availability of high skilled workforce in the Anderstop region.

Sources

Citation

Eurofound (2018), Fine Scandinavia , Reshoring in Sweden, factsheet number 12, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/12.