As we near the end of this year, I want to thank you all. This year has been special for The Switch. It is our first year with new owners, and our marine product business has grown bigger than our wind and industry sectors. I am grateful to our customers and partners for their trust…
Category: Newsletters
Exciting expansion: power electronics production grows in Stord and will start in Vaasa
We are thrilled to announce the expansion of our power electronics production facilities. This significant development includes a substantial capacity increase at our existing facility in Stord, Norway, and the establishment of a new production line in Vaasa, Finland. The new production line in Vaasa will enhance our ability to meet the growing demand for…
Switching on frequently 02/2024: Positive progress and summer wishes
We’re happy to tell you that our marine sales have been progressing positively. Our customers have continued to place repeat orders for the leading direct-drive PM shaft generators. I am especially pleased that our power electronics products have been selling better than ever. I would like to extend a warm thanks to everyone who has…
Switching on frequently 01/2024: First months as a BEMAC Group company
The Switch has already been part of BEMAC Group for a couple of months. During this time, several people from BEMAC have visited The Switch and some of our customers. Both BEMAC and Mitsui are dedicated to developing and growing our business over the long run. This has been clearly visible and appreciated by our…
Switching on frequently 04/2023: Historical year around the corner
Another calendar year is almost complete, and it is soon time for a well-deserved holiday break. The past year has been very exciting for The Switch. We have received a lot of new shaft generator orders from several system integrator customers, including a number of new customers. These orders have made us clearly a leading…
Switching on frequently 03/2023: The Switch welcomes new shareholders!
We are now at the beginning of a new era. BEMAC Corporation, as the majority shareholder, together with Mitsui & Co. have entered into a share purchase agreement to acquire 100% of the shares of The Switch group from Yaskawa. The final closing will be subject to a few conditions, like regulatory approvals. This is…
Switching on frequently 02/2023: Heat of summer
Heat of summer Although the heat of summer is just starting to arrive in Finland, most of us are looking forward to a break when we can spend time with our families and friends – and recharge our batteries. For us at The Switch, we will really need all the energy we can get for…
Switching on frequently 01/2023: Looking forward to FY23
We just finished our fiscal year of 2022 with a historical number of deliveries. The last two months of January and February helped us recover sales that were impacted by shortages in materials. We did not meet our profitability targets, but as we all know, last year was quite exceptional. I can also proudly tell…
Switching on frequently 04/2022: Another busy year ahead
Christmas is again around the corner, and we have started the last quarter of our fiscal year. Although we are living in difficult times, there are several things we can celebrate during the short Christmas break ahead. We have built our first PMM2000 marine shaft generators and are about to start testing them in Lappeenranta.…
Switching on frequently 03/2022: Marine business is growing
Wednesday, 19 October 2022 Marine business is growing We are rapidly reducing our dependency on wind by growing our marine product business. We have received repeat orders for our largest direct-drive permanent magnet (PM) shaft generators and have extended our sales channels with new system integrators. We have also received the first orders for our…
Switching on frequently 02/2022: Return to new normal
Summer – the long-awaited season – is here again! And we managed to open this season with our traditional Summer Party after the long COVID-19 era. It was great to see most of our team members together celebrating the official opening of our Large Drive Test Center (LDTC) in Lappeenranta and having a good party together.
Switching on frequently 01/2022: Outlook for 2022
Dear friends, We have recently closed our books for the fiscal year of 2021. Despite COVID-19 impact on the global economy and our operations, we managed to reach most of our targets. I am especially proud of our on-time delivery performance in spite of certain material shortages and logistics constraints. We also managed to grow…