Good News from Wed, 11 May, 2011:

Growth for Auramarine from sea protection

Lehtikuva/ Roni Rekomaa Auramarine, a Lieto-based Finnish maritime auxiliary system supplier, has developed a ballast water treatment system that stops unwanted plant and animal life from spreading from one ecosystem to another. Auramarine, a Lieto-based Finnish maritime auxiliary system supplier, has developed a ballast water treatment system that stops unwanted plant and animal life from spreading from one ecosystem to another.

Auramarine has developed a ballast water treatment system, that promises to stop harmful flora and fauna from spreading from one sea region to another. The Lieto-based Finnish company expects that the innovation will multiply the company's turnover within a few years.

Concern in the maritime environment is rising. For instance, international maritime decrees for conserving the environment are constantly becoming more stringent. The Ctenophorus, commonly known as the comb jelly, has spread from the Atlantic to the Baltic sea, where the species continues to cause problems. Ballast water treatment systems will gradually become obligatory, and the industry's projections indicate that within the next few years, tens of thousands of ships will receive a ballast treatment system.

For Auramarine the more stringent statutes are bound to bring new growth. The company plans on multiplying their currently 30 million euro turnover within the next few years. The production will be increased both in Finland and in the company's Shanghai factory, which caters to the company's clients in Asia.

– This year, we have hired over 10 new employees during the first few months. We'll need dozens more soon, Timo Salokoski, Auramarine's CEO, believes.

According to Salokoski, sales, planning, product development and project management will mainly stay in Finland, as well as the production directed to European shipyards and shipping companies. The company plans on investing on additional production capacity in the Asian plant.

Auramarine is a part of the Hollming Group.

www.auramarine.com

KK