LapWall as an investment
LapWall is a Finnish building materials company that designs, manufactures and sells wooden element under the LAPWALL LEKO® brand. Our mission is to increase the use of wooden elements in construction and our vision is to be the most sought-after partner in the field of sustainable construction.
Our LAPWALL LEKO® wooden elements are widely applicable in residential, commercial, industrial, and public construction. Our pre-fabrication system reduces the site lead time, guarantees a seamless dry chain process, and reduces carbon dioxide emissions to the environment. Our customer base consists of Finnish builders and construction companies.
We manage the entire supply chain from design to installation. The structural solutions and details of our products are standardized, which allows us to maintain a high factory utilization rate and keep the installation work simple and smooth. We also increasingly utilize production automation,robotics and process automation. within our business.
The use of wood in construction is ecological use of renewable natural resources, and we expect its share of all construction to grow significantly in the next few years, supported by mega trends in our industry and legislative requirements for the green transition.
Why to invest?
LAPWALL LEKO® is the market leader of wooden construction elements elements in Finland
The LAPWALL LEKO® wooden element system is our key competitive advantage, as it supports our customers in achieving their goals by making construction significantly faster, higher quality and safer. Our wood element system includes around 50 configurable standard products and integrated services, such as conceptualized installation and design. This is a comprehensive process that brings several benefits to the customer, including quality, cost-effectiveness, and delivery speed.
We are the largest producer of wooden elements within the industry in Finland, focusing only on manufacturing wooden elements and the only company able to serve its customers with such a comprehensive product range. Our customers include all the largest Finnish construction companies.
Production efficiency and comprehensive project management create a basis for strong earnings growth
Products with standardized structural solutions enable a high utilization and automation rate in our factories. We are increasing the degree of automation in production and increasingly utilize robotics and process automation in our business. In addition, our comprehensive project management from design to installation enables efficient process and cost management.
We aim for strong revenue growth in the coming years. Volume growth combined with efficiency creates preconditions for earnings growth and improving profitability, which is already among the best among construction product companies.
Financial development 2020-2023, EUR million
We are a trailblazer of wooden elements and a driver of change in construction methods
LapWall’s roof, wall and facade elements are increasingly used in residential, commercial, industrial and public construction. Our wide product range supports our customers' goals by enabling faster lead time of a construction project in a cost-efficient, safe and a sustainable manner.. We have introduced an open standard to the industry such as product information and element details, which has enabled use of wooden elements in an industrial scale.
Production investments enable more than doubling the revenue
In March 2024, we made the decision on the largest factory expansion investment in our company’s history for the Pyhäntä site. This expansion enables tripling of the business unit's revenue to approximately EUR 70 million. The new unit is expected to be operational in the second half of 2025. In addition, the investments made on the roof element side in Pälkäne and Veteli sites enables revenue of approximately EUR 50 million by the end of the strategy period.
As a result of the investments, we have the capacity to increase market shares of all our product groups. We estimate the potential of the wood element market in Finland to be approximately EUR 400 million, where we aim for a market share of some 25% by the end of 2030.
Wood construction responds to the trends and regulations of the construction industry
The increasing popularity of wood construction is supported by accelerating climate change and the construction industry’s carbon footprint and recycling requirements. Responsibility and sustainable development are built into our business. Our production is certified as carbon-negative, meaning our operations bind more carbon dioxide emissions than they cause. We are the world's first wood element manufacturer with verified EPD environmental declarations for products, where the full life cycle environmental impacts of the products have been calculated.
Locations
Pyhäntä
Periojantie 3
92930 Pyhäntä
Pälkäne
Yrittäjäntie 7
36600 Pälkäne
Veteli
Koulutie 142
69700 Veteli
Oulu
Pilot Business Park
Lentokatu 2
90460 Oulunsalo
Vantaa
Teknobulevardi 3
01530 Vantaa
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