Nolato creates value through innovative polymer solutions guided by its vision and mission.
STRATEGY AND VALUE CREATION
Nolato’s mission, vision and values
Our business model and value chain
Customer needs are always the focus of Nolato’s development. Through unique expertise in the manufacture and development of polymer products for leading companies in selected industries, the Group can use advanced technology to create sustainable and cost-effective solutions for customized products. Nolato is a partner throughout the entire process from concept development to high-volume production.
Nolato has a well-established business model based on two decentralized business areas, Medical Solutions and Engineered Solutions, with decision-making authority and shared aims to achieve Nolato’s vision and financial targets. These business areas largely share manufacturing methods and infrastructure, which supports synergy gains and bolsters profitability. The sharing of knowledge between the Group’s business areas, the use of high-tech methods, development and design expertise, project management and efficient production make Nolato a solid development partner for customers. This allows the Group to establish long-term, innovative cooperation with customers and partners and generate value for them, shareholders and employees. Nolato’s aim is that the value provided by the Group to customers’ products will ultimately contribute to a better, more effective society. As a Group, it is important to give back to employees with a focus on health and development opportunities, and also to generate value for shareholders investing in Nolato’s long-term strategy.
Nolato’s shared values of being professional, well organized and responsible are reflected in everything we do.
Our revenue model
Nolato’s revenue is mainly generated from customer production assignments. Manufacturing and supply of products take place in accordance with customer orders and other preferences, and are then billed. Manufacturing is based on short production and turnaround times, resulting in low risk exposure for warehousing and obsolescence.
An important part of value creation for customers and owners is the ability to provide in-depth expertise in leading technologies, sustainable solutions, design and advanced project management at an early stage of product development.
Our mission
Nolato is a global, innovative partner in the design and manufacture of polymer products and systems. Building on decades of experience and in-depth technical know-how, we offer leading customers close, long-term cooperation, with an emphasis on a circular economy and sustainability.
We create added value for customers, shareholders and employees through detailed knowledge of each customer’s requirements, early involvement in their projects, advanced project management and highly efficient production.
We create added value for customers, shareholders and employees through detailed knowledge of each customer’s requirements, early involvement in their projects, advanced project management and highly efficient production.
Our vision
Nolato aims to be the customer’s first choice of innovative partner in sustainable design and production.
Being the customer’s first choice means being repeatedly chosen as a partner for a customer’s most important projects. Nolato should be viewed as a reliable partner that combines expertise and experience with an innovative approach, takes responsibility and actively contributes to sustainable development, and puts the customer’s specific needs front and center.
The key factors in achieving this vision are:
Long-term customer relationships
Long-term, close cooperation is the objective for all Nolato’s customer relationships. In-depth understanding and knowledge of customer processes and needs, combined with continuity that creates experience, help generate key value.
Broad customer offering
Customers are increasingly prioritizing suppliers with the global resources and expertise to be involved from concept to delivery. That’s why Nolato’s global organization and broad customer offering comprises everything from concept development, product design, procurement of products and services, and process optimization to high-volume production, post-processing, assembly and logistics. And there is an emphasis on sustainable development throughout all stages of the process.
Expertise
Our customers constantly challenge us with new requests and tougher requirements. We enhance our customer offering by continually raising employees’ skill levels and investing in cutting-edge technologies and acquisitions. Synergies between business areas increase value for Nolato customers and are achieved through a ‘One Nolato’ approach.
Local yet global presence
Proximity to customers and their markets is crucial. It’s about achieving the most efficient logistics possible, along with short lines of command and the ability to make quick decisions, close to our customers.
High productivity
High productivity and a continual focus on costs are key elements of our business. Lean manufacturing maximizes business benefits for both Nolato and its customers, while it also helps to streamline processes, optimize use of resources, cut lead times, and develop innovative and sustainable solutions.
Responsible business conduct
We have strong core values based on the view that responsible, efficient and profitable business operations must be ethical and sustainable. Areas relating to ethics,
social responsibility, the environment, and health and safety are therefore an integral part of our business and key to defining Nolato’s corporate culture.
Sustainable procurement
Nolato’s supply chain is an extension of Nolato’s network and capabilities. Our strategic suppliers should strive to have a positive impact on people, society and business value, minimize their impact on the environment, and comply with Nolato’s Code of Conduct, as well as supporting other Nolato initiatives.
Solid finances
A strong financial position provides us with firm foundations and is essential for our business. Ensuring solid finances also makes Nolato a reliable supplier and partner for the long term over multiple business cycles.
