History

Högfors ironworks are founded in Karkkila, Finland. The foundry operations start in 1823. Karkkila foundry is the oldest still operating foundry in Finland.

The Pori foundry in Finland is founded.

Rauta- ja Metallivalimo Suomi is founded in Helsinki, Finland.

Främmestad, currently part of Componenta, is founded iin Sweden.

The Högfors foundry is acquired from Kymi-Strömberg.

Suomivalimo acquires Santasalo-Vaihteet, which continues as an independent company.

The Pori foundry is acquired from Rauma-Repola. Santasalo-Vaihteet shares are listed on the Helsinki Stock Exchange.

Suomivalimo becomes JOT-Yhtiöt.

Främmestad machine shop is acquired in Sweden.

Santasalo-Vaihteet acquires the shares of JOT-Yhtiöt and the Santasalo-JOT Group is founded. The Group’s foundry operations are called JOT Components.

The gear operations of Santasalo-JOT are sold to Metso. The name of the Santasalo-JOT Group is changed to Componenta.

Componenta focuses on foundry operations and its shares are listed on the Helsinki Stock Exchange.

Componenta acquires the majority shareholding in De Globe, which is a foundry company in the Netherlands.

Componenta acquires the majority shareholding in a Turkish Döktas Dökümcülük Ticaret ve Sanayi, which focuses on cast iron and aluminium components.

Componenta’s Finnish and Swedish operations are filed for restructuring. Componenta Netherlands is filed for bankruptcy. Operations in Turkey continue normally.

After the confirmation of the restructuring programmes in Finland and Sweden, efficiency programmes continue. The Turkish operations are sold.

Componenta operates in contract workshop business. Componenta has iron foundries in Pori and Karkkila, Finland as well as a machining and painting shop in Främmestad, Sweden.

Componenta acquires Komas and becomes the leading metal component manufacturer in Finland. Componenta’s Swedish subsidiary files for bankruptcy.

The restructuring programme of Componenta Corporation has ended upon the approval of the payment of restructuring debt carried out by the Company on 31 March 2021 by the supervisor and the provision of the supervisor’s final account of the restructuring programme to creditors on 27 April 2021.