Region and country of operations: Russia
Jurisdiction of registration: Russia
Business sector: Metal products
Date of agreement (month/year): 3/2018
Finnfund’s financing: EUR 2,000,000
Share of Finnfund’s financing: 40%
Size of project/financing: EUR 5,000,000
Environmental and social category: B
Peikko is a family-owned company founded in 1965. It is headquartered in Lahti, Finland and has production in 8 countries and local sales in 34 countries. Peikko supplies a large selection of concrete connections and composite beams for both precast and cast-in-site solutions in a wide variety of applications. With funding provided by Finnfund, the company is expanding its production and sales activities in Russia.
Main development impact
Peikko’s products have many benefits compared to traditional local construction methods. Peikko’s ethical and sustainable manner of doing business contributes to the development of local manufacturing industry. Peikko group has certified Quality, Environmental and Safety Management Systems. The company employed ca. 60 employees at the end 2018.