RESHORING CASE

Fine Scandinavia

Company details
Company name: 
Fine Scandinavia AB
Group name: 
Konga Mekaniska Verkstad AB
Company country: 
Sweden
Group home country: 
Sweden
Sector: 
C - Manufacturing
Sector detail: 
C24 - Manufacture of basic metals
Sub-sectors: 
C24.2 - Manufacture of tubes, pipes, hollow profiles and related fittings, of steel
Reshoring details
Reshoring announcement date: 
15/06/2018
Starting implementation date: 
January, 2018
Reshored to: 
Sweden
Location of affected unit(s): 
Anderstorp
Location code: 
SE211
Reshored business function: 
Production
Reshoring governance mode: 
In house (in own facilities)
Reasons for reshoring: 
Know-how in the country
Loyalty to the home country
Case narrative: 

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: 

Metal supply 15/08/2018

Gnosjo region 03/07/2018 

Offshoring details
Offshoring location: 
Vietnam
Offshored business function: 
Production
Offshoring governance mode: 
In house (in own facilities)
Host country geographical area: 
South East Asia rather than China