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Dear customers and suppliers,

The COVID-19 pandemic has challenged the business for all our companies during 2020 and 2021 started, as expected, rather slow. Since April however, we are happy to see an increase in our offers to the market and order income. Sales to Oil & Gas markets in Norway, the UK and Canada had due to COVID-19 dropped significantly 2020 but also this market segment is improving now.

Nordic Flanges Group have gained some significant orders with new wholesalers and OEM customers in the Nordic countries, Europe and in the US.

In spite of the pandemic, we have kept our long-term plan with significant improvements and investments. Nordic Flanges AB installed two OKUMA universal machines early this year. With these two new machines, we will be able to process and manufacture flanges and forged blanks with significantly higher and more complex requirements that our customers set and which means that we, among other things, can strengthen our position towards our OEM customers in the Nordic region and globally.

Nordic Flanges OY are in June starting to install our latest investment for a robot cell in their factory in Kronoby, Finland. The robot cell will modernize the factory's finishing of aluminum products and automate the finishing of aluminum-cast products. The robot cell also contributes to a much safer work environment. The investment expands our capacity in the factory and eliminates current bottlenecks in production.

COVID-19 is still out there and together we all need to take all necessary precautions to continue to fight the pandemic. Vaccination have started and we can hope to see the end of increasing spread of the infection worldwide. When the pandemic is over, Nordic Flanges Group will stand fully ready to produce with full speed ahead to serve you with our high-quality products wherever you are located in the world.

We wish all our customers and suppliers plenty of good new business opportunities ahead!

Frederik von Sterneck - CEO

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