In 2018, forestry machines manufacturer Logset Oy’s turnover grew to a record level of Euro 40.128 million (2017: Euro 30.922 million) and the operating profit to Euro 1,671 million, as the company said in the press release received by Lesprom Network.
During the past year, the demand for Logset products remained high in Europe. The strongest growth, however, came from the Russian and South American markets. The demand for harvester heads exceeded all expectations, and the interest towards the hybrid harvester continued to grow. Forwarders remained the foundation of the sales.
In 2018, Logset launched the first service products that increased the service turnover. At the end of 2018, the value of the order book reached a record Euro 19.8 million.
In 2018, Logset product development focused on the new Stage 5 products that meet the tightened emission regulations, the Smooth Ride cabin suspension, on improving the quality, and on developing new products to be launched in 2019.
Logset Oy is a Finnish forest machine manufacturer located in Koivulahti, near Vaasa. The company was established in 1992 and today it has approximately 70 employees.
