Message from the President

The year 2018 was a momentous time for ALMACO as it marked the company’s 20th anniversary. Looking back, these first 20 years have been an amazing journey enabled by our focus on strong customer relationships, relentless pursuit of innovation, and supported by our well-known excellent project management capabilities. The experience we have gained throughout the years gives ALMACO a solid platform to conduct a successful business in the ever more rapidly-changing future environment and we plan with enthusiasm to continue to thrive.

In terms of order intake and project deliveries, 2018 was a good year for us, with multiple projects on order and carried out successfully across our two customer segments, Marine and Offshore, both for Newbuilding and Modernization, and throughout our three product lines: Catering Systems, Accommodation Systems and Service. We saw the cruise market remaining strong and the majority of the orders we received actually came from shipyards and ship owner in the cruise industry. In the offshore market we were encouraged to witness a significant increase in the investment activity especially for FPSO (Floating, Production, Storage and Offloading) units. 

When it comes to the DNA of the company, one of the cornerstones in ALMACO’s success has been customer-driven innovation. With that goal in mind, we continued to develop the Galley Energy Management system and launched GEM 2.0 with increased functionality for our Catering Systems customers. On the Accommodation side, we launched a cabin development project targeting, among other improvements, a lighter weight for the cabins and an enhanced end-user experience. We were also proud to see our engineering teams introducing the Virtual Reality capability and to have successfully used 3D models in our offshore projects receiving excellent reviews from our customers.

Another important initiative we started in 2018 was caring for our environment and working towards a sustainable marine industry. For this purpose, ALMACO joined several leading companies within the Finnish Marine Industry to support the sustainability campaign “ResponSea” with the targets of reducing the stressors in the environment and the people caused by the industry’s processes, as well as reducing the industry’s emissions.

We are eager to build upon all the experience from the achievements we have reached so far and are ready to start the journey to an even more amazing next 20 years. I thank all our customers, vendors and employees for your continued support and invite you to join us in this exciting new journey. Sincerely,

Sincerely,

Esko Karvonen
President & CEO