Nammo annual report 2012

Page 9

Demil Division Unique diversity in operations In terms of market understanding, technological requirements and environmental issues, Nammo is a market leader in the disposal and demilitarization of conventional ammunition and explosive products.

Briefly 2012 saw the continued development of automated high-speed disassembly for cluster munitions, where substantial investments have been made in process developments and equipment. With our demilitarization services, Nammo is capable of offering customers complete life cycle support. The market remains challenging and our focus is still on raising awareness and willingness to increase the demilitarization budget within the defense industry. Nevertheless, we have been reasonably successful in gaining additional business from existing customers as well as new ones, mainly in Europe and the US.

Safety first The processes used within our demilitarization business unit encompass the highest standards of safety and environmental aspects, exceeding the requirements of EU laws and regulations. During the year we continued the constant work of improving work safety, with the focus on decreasing the number of personnel in sensitive processes by, in parallel, increasing the automation level of our equipment.

Locations • Nammo Vingåkersverken (Vingåker, Sweden) • Nammo Demil Division (Vingåker, Sweden) • Nammo Buck (pinnow, Germany) • Nammo NaD (løkken Verk, Norway) • Nammo Demil (arlington in Virginia, uSa) Employees around 120 at year end.

Variety of processes Nammo has more than 40 years of experience in demilitarization and has developed and uses a variety of different industrial and environmentally-friendly technologies for all types of ammunition. – Full recycling focus – Automated cluster munitions disposal and thermal treatment – Controlled underground detonations

In September 2012, the third meeting of states parties to the CCM took place in Oslo, Norway. There is a continuing focus on cluster munitions and by 8 October a total of 111 states had joined the Convention on Cluster Munitions (CCM). See www.clusterconvention.org for more information.

In 2012, we have seen an increased demand in assignments that involve using several or all of our companies. These typically include mixes of ammunitions and quantities that require different technologies to be demilitarized in an optimal and costeffective way.

Increased profitability in all operations

Cooperation

We have dramatically increased profitability in all five of our demilitarization companies, where we have successfully restructured our workforce and undergone a rigorous cost-cutting exercise. The focus now is on maintaining the good 2012 level into 2013 while growing the top line.

Core business Disposal and demilitarization of conventional ammunition and explosive products.

In May, Nammo and Dunarit, a leading company in the Bulgarian defense industry, entered into cooperation on demilitarization. Dunarit participates in the utilization processes in Bulgaria for demilitarization of surplus ammunition. Both companies have agreed to share their knowledge and experience for safe and environmentally friendly

demilitarization and to join their capabilities and capacities in selected work areas for the benefit of the Bulgarian demilitarization program and other customer needs in Europe.


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Nammo annual report 2012 by 07 Interaktiv - Issuu