As I write this, it once again feels like I am repeating a familiar theme when looking at the big picture. The global economy continues along a now well-known path: cautiously positive, but without any real acceleration. Similarly, forecasting the future remains as challenging as ever. Perhaps the best approach is still to check the latest headlines in the morning and adapt as best we can to developments beyond our control.
That said, in several of our customer segments – particularly in infrastructure and mining equipment – we are seeing clear signs of strengthening demand. In mining machinery, the situation can already be described as a boom. High raw material prices, for example in gold, are sustaining investment activity. When extraction is profitable, demand for equipment increases, driving the entire value chain forward.
For the raw materials we rely on at Jame-Shaft, the situation has remained stable so far. Availability is still at a reasonable level, and no major disruptions have been observed. However, some upward pressure on prices is starting to emerge, and we are monitoring the situation closely.
At Jame-Shaft, the financial year has progressed strongly. Our revenue is developing towards a historically high level, with a forecast of approximately EUR 32 million. With only one full month remaining in our financial year, we can already confirm that we will achieve an all-time record in revenue.
During the spring, we completed a major ERP system transition. The new system was taken into use at the beginning of March, and as is often the case, the implementation did not go entirely according to plan. As a result, there have been temporary delays in deliveries, for which we sincerely apologize. The ERP transition did not cause any prolonged production stoppages, but there were some temporary imbalances, for example in job sequencing. Our situation is improving day by day, and our delivery performance will return to normal levels. I would like to extend my sincere thanks to our personnel for their flexibility, commitment and outstanding team spirit throughout the ERP transition – without this mindset, a change of this scale would not be possible.
As previously communicated, we have continued to invest systematically in our production. Thanks to our high level of automation, we can run production increasingly during nights and weekends. Although we have reached record levels in deliveries, our order backlog is currently at a historic high.
The development of our production continues according to plan. The second of our new robotized multi-functional lathes is already in operation, and the third machine will arrive as scheduled at the beginning of August. We will continue to invest in automation and unmanned production also in the coming financial year, as these have played a key role in improving our operational efficiency over the past years. We will provide more information on our planned investments in the autumn.
Before the summer holidays, we at Jame will push for a strong finish to the financial year. While our factory will continue operating at close to full capacity throughout the summer, I would like to take this opportunity to wish all our partners a sunny and successful summer.
We wish all our customers a successful summer of 2026.
Best regards,
Mika Tuunainen
Managing Director
Jameshaft Oy