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UTG Mixing Group's board confirms strategy for years 2020-2022 and financial targets.

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NORDIC BUSINESS REPORT-February 26, 2020-UTG Mixing Group's board confirms strategy for years 2020-2022 and financial targets

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UTG Mixing Group (Plc Uutechnic Group Oyj) (HEL:UUTE), a provider of technology and consulting services to the process industry in the areas of paper making technology and process machinery, announced on Tuesday the approval of its board of directors of the group's strategy for 2020-2022 and financial targets.

The company's strategy is to improve profitability, as well as profitable growth, both organically and inorganically, by focusing on mixing technology of liquid-based processes.

According to UTG Mixing, it seeks profitable organic growth from the four main lines of improving the profitability of existing plants by reducing material costs, increasing efficiency and minimising fixed costs; by increasing production capacity without significant investment and recruitment of office staff and also increasing capacity by optimising the locations where different products are manufactured and, if necessary, by adjusting production capacity between units and additionally optimising own manufacturing and subcontracting; increasing efficiency through synergies by streamlining and digitising processes...

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