HANZA continues the Horizon program and closes Gateway China
HANZA continues the Horizon program and closes Gateway China
Earlier this year, HANZA launched its HANZA 2028 strategy, aimed at broadening the Group’s manufacturing capabilities through the introduction of new technologies while also expanding capacity and expertise within existing technologies.
As part of this strategy, HANZA is executing the Horizon program, which includes optimizing the Group’s industrial structure by consolidating operations into fewer, larger production units within each manufacturing cluster. This approach enhances capacity and strengthens the ability of each unit to manage larger and more comprehensive customer engagements, creating economies of scale, improved efficiency, increased customer value, and profitable growth.
Within the framework of Horizon, HANZA has decided to close its manufacturing operations in Gateway China. The closure is expected to be completed by the end of 2026. The operations affected employ approximately 60 people and generate annual revenue of around EUR 5 million. HANZA’s strategic sourcing activities in China are not affected by this decision and will continue as an important part of the Group’s Global Strategic Sourcing function.
“This represents another step in the development of HANZA’s industrial platform. By concentrating our manufacturing footprint within our European clusters and selected Gateway locations in Europe’s nearshore region, we are creating a clearer and more efficient structure to support continued profitable growth. The Gateway model remains an important part of our offering, while we retain our strong sourcing expertise in China, which continues to create value for our customers and strengthen HANZA’s global offering,” says Erik Stenfors, CEO of HANZA.
The closure of Gateway China is expected to result in one-off costs of approximately
EUR 2 million, which will impact earnings during the second quarter of 2026. The measure is expected to have a positive effect on the Group’s profitability throughout the implementation of the HANZA 2028 strategy.