Kemppi named businessman of the year
A
Kemppi (UK) product story
Edited by the Engineeringtalk editorial team
Sep 19, 2005
Kemppi Chairman Jouko Kemppi has been named Finland's Businessman of the Year for 2005.
Kemppi Chairman Jouko Kemppi (59) has been named Finland's Businessman of the Year for 2005.
The award is made annually by the Businessman Association of Finland together with the Editor in Chief of Talouselama, Finland's leading Financial journal.
One criterion states that it is awarded to the businessman who has for several years run a successful company showing entrepreneurial skills.
Jouko Kemppi's philosophy is that while others are still thinking about what to do, he has already made decisions.
Some decisions may be mistakes, but he learns every time from these.
Kemppi is one of Europe's leading welding equipment manufacturers with a turnover fast approaching Eur 100 million.
The operation is profitable with production carried out in Finland.
Other companies have moved their production to countries with low labour costs.
Kemppi has not, and yet it still continues to grow faster than the market.
This year growth is on track to be around 13%.
The balance sheet looks good and the company is debt free.
The company has around 50 employees devoted to product development - one in every 10 employees.
Kemppi's friends say: "You cannot study to be a Jouko Kemppi".
"If you want to sell refrigerators to Eskimos he is the man to send".
"When someone takes one step he takes two, he has a tremendous ability to operate at high speed, always looking at new ideas".
Jouko Kemppi says: "I have always been vivid and full of ideas, maybe even wild sometimes".
"Making no decision is the worst thing I know".
"I have said on many occasions that whilst I have been making decisions, I will have made a few mistakes".
"Let's get things done".
"I believe that many companies are avoiding decision making because they are afraid of making mistakes".
"We have to earn to invest".
"We are at the forefront of welding technology and we sell profitably".
"It is an image matter for us that we are a Finnish family company and production is in Finland".
"Since the mid-1980s business has been tough for middle sized Finnish companies, but we have been very successful".
"We are amongst the very top companies in the welding industry in technology, sales and marketing".
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