Message from the President

It´s a great pleasure to state that ALMACO had another year of success, both when it comes to customer satisfaction and to the financial result of our company. It´s not a surprise that these subjects go together, and when we add the commitment and professionalism that we have in the ALMACO team, it´s obvious that we have a great journey ahead of us.

We at ALMACO strive to put the customer first and become the preferred partner for owners and shipyards in the Marine and Offshore industries globally. In 2019 we took a quantum leap in accomplishing this vision by further strengthening ALMACO´s complete lifecycle support. The introduction of new innovations and products at the newbuilding stage, improved effectiveness during contract executions, and an increased after sales portfolio, ensure we are even better prepared to support our customers’ future businesses.

Regarding new product offerings, we proudly introduced a “state of the art” laundry concept and a comprehensive maintenance program, both tailor-made to meet the most demanding customer requirements. Effectiveness was propelled by the new ERP system and continuous process developments.

The lifecycle services of ALMACO´s Service Division have been boosted by assigning dedicated teams for our modernizations, spares, and maintenance offerings. The successful completion of several large modernization projects, both in accommodation and catering areas, as well as the increased revenue in spares and maintenance business, confirm that we are on the right track to meet the demands of the aftersales market.

Furthermore, we continued our globalization by establishing
an ALMACO subsidiary in Germany, in the heart of the maritime hub in Hamburg. We also launched a new trainee program for new recruits to cope with the increasing demand of special expertise and to meet the highest competence requirements for years to come.

Thanks to all our customers and teammates for Your great contribution.

Björn Stenwall
President & CEO