Canatu Plc Press release 28 March 2025 at 9:30 am EET

Canatu to expand with new production facility in Finland, doubling its premises

Canatu Plc (“Canatu”) is expanding with a new facility next to its current headquarters and factory in Vantaa, Finland. The company has signed a 70-month lease for a facility at Tiilitie 6, Vantaa, and extended the lease for its current headquarters and factory at Tiilenlyöjänkuja 9A, Vantaa, for an additional six years.

The decision to expand is driven by the need for more space to accommodate the company’s long-term growth plans. The new facility will provide the required additional capacity to support the development and production of potential new customer reactors, next reactor generations, and a medical diagnostics laboratory. It will also provide much-needed office space, as the current headquarters have reached full capacity in this respect. Canatu expects that reaching the long-term financial targets in 2027 may require to grow the headcount by 25-35 full-time equivalent employees (FTEs) annually.

“Canatu has grown strongly in recent years and aims for over EUR 100M in revenue in 2027. This new facility is a key enabler of Canatu’s long-term growth plans, “says Juha Kokkonen, CEO of Canatu.

The new factory and office facility spans over 3,000 m². The combined production and office space will nearly double in size.

“Finland is an attractive location for expansion due to its low electricity costs—among the lowest in Europe—, reliable infrastructure, and the availability of skilled workforce. Canatu has successfully attracted operators and maintenance workers to support its growing needs. This marks another step towards establishing a ‘Nano Valley’ in Finland,” Kokkonen continues.

The close proximity of the two sites, within walking distance of each other, offers several advantages. Both facilities will share manufacturing, facility management, maintenance, and logistics resources, eliminating duplication and reducing costs. With the new facility located next to the current site, teams can easily move between the headquarters and factories, minimizing travel time and ensuring seamless collaboration.

Moreover, the second factory will help meet redundancy requirements for Canatu’s customers and address the company’s operational risks, ensuring for its part business continuity.

Additional information

CEO Juha Kokkonen, puh. +358 405 430 367

Board member Tuomo Vähäpassi, tuomo.vahapassi@lifeline-spac1.com

Certified Adviser

Carnegie Investment Bank AB (publ), tel. +46 (0)73 856 42 65

About Canatu 
Canatu (CANATU, Nasdaq First North, Finland) is a fast-growing deep technology company creating advanced carbon nanotubes (Canatu CNTs), related products, and manufacturing equipment for the semiconductor, automotive, and medical diagnostics industries. Together with pioneering companies, Canatu transforms products with nano carbon for a better tomorrow.  

Canatu's versatile platform technology has broad potential applications. Its current core includes CNT membranes for extreme ultraviolet (EUV) processes in the semiconductor industry, enabling the manufacturing of the most advanced chips, as well as film heaters for advanced driver-assistance systems (ADAS) in the automotive industry. Additionally, electrochemical sensors for medical diagnostics are in the development phase. Canatu’s patented CNT reactors and Dry Deposition^TM method yield clean and pristine CNTs. The company operates through two business models: selling CNT products directly, as well as selling CNT reactors and licensing the related technology so that customers can produce CNT products under a limited license.  

Headquartered in Finland, Canatu also operates in the US, Japan, and Taiwan. Founded in 2004 as a spin-off from Aalto University’s Nanomaterials Group, Canatu currently has around 130 employees representing over 30 nationalities, with 20 per cent holding or pursuing doctorates. Discover more at www.canatu.com and follow us on LinkedIn.