FINVACON
Finvacon brings together the expertise of people with limited work
Founded by Vaasanseudun Invalidit Ry (Vaasa’s Registered Association of People with Physical Disabilities) in Vaasa, 1969
abilities and those with ‘normal abilities,’ generating an effective business-
law. On the initiative of the City of Vaasa, Finvacon established a
processes also means work for more hands, which has always
special assembly department for people with disabilities in 1987.
been a core mission of the business. It is also significant that
At the same time, Finvacon recruited its first full-time assistance
most of the company’s profits are used to improve operations and
workers to oversee the activities. A laundry was started in 1987. As
working conditions. Continuous investments keep the machinery
orders increased in the 1990s, more full-time workers were hired.
modern and the employees satisfied. Today’s opportunities are in
In 2005 Finvacon was restructured into a limited company. Following
foreign markets, which Finvacon intends to conquer with its quality,
responsible business principles, it doubled its revenue in 2005–2015,
reliability, and transformer components.
and the wood department had to move into bigger facilities. Employees with limited work abilities can produce small
model. It is a prime example of a social business that has achieved success with its unique strengths.”
Social entrepreneurship is defined as business aiming to have a positive effect on society. Finvacon takes care of people and
batches and perform labour-intensive work stages in a cost-
the environment in a socially responsible way. By hiring skilled
effective way. For example, insulation components for power
workers who are underrated in the labour market, the ISO 9001
transformers require work stages that cannot be automated,
and 14001-certified company has created cost-effective production
making Finvacon a unique partner for various industrial companies.
methods with high quality and reliable delivery. Finvacon is proof
The importance of manual labour in Finvacon’s production
that responsible business can be profitable.
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