Lamor Corporation Oyj
HHEL:LAMOR0.78
EUR
-0.02
(-2.50%)
Lamor Corporation Oyj
HEL:LAMOR
(Nasdaq Helsinki)
Recent
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0.78
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div
yld
- -
ROIC.AI
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- Business
- Lamor Corporation Oyj is a Finland-based provider of environmental protection, response, and remediation solutions. Founded in 1982 and headquartered in Porvoo, Finland, the company specializes in oil spill response, contaminated soil and water treatment, waste management, and material recycling technologies for public and private sector clients worldwide. Lamor operates across three primary business areas: Environmental Protection, Soil and Water Remediation, and Material Recycling. Its product and service portfolio includes: oil spill response and recovery equipment, encompassing patented brush skimmers such as the Lamor Arctic Skimmer, Lamor Multi Skimmer, and Lamor Oil Recovery Bucket, heavy-duty inflatable and solid flotation containment booms, multipurpose positive displacement pumps, hydraulic power packs, workboats, landing craft, oil recovery vessels, and temporary storage bladders; emergency response and preparedness services, comprising 24/7 environmental emergency response, contingency planning, risk assessments, operational maintenance, and tactical training; soil and site remediation solutions, including bioremediation, thermal desorption, soil washing, hazardous waste handling, oily sludge treatment, and drill cuttings management; water treatment systems, including mobile water filtration units and industrial wastewater purification facilities; and material recycling technologies, covering mechanical and chemical plastic recycling systems and waste-to-resource valorization solutions. The company serves customers in the oil and gas, maritime, petrochemical, mining, and public administration sectors across more than 100 countries throughout the Americas, Europe, the Middle East, Africa, and Asia-Pacific. In recent developments, Lamor initiated its 2025–2027 strategic plan prioritizing profitable growth, capital discipline, and selective expansion in core bridgehead markets. Under this plan, the company launched a structural efficiency program targeting approximately EUR 8 million in cost savings by year-end 2026, accompanied by organizational streamlining and workforce adjustments. In mid-2026, Lamor executed a comprehensive refinancing of its debt portfolio through new senior credit facilities to support long-term liquidity. In addition, the company secured a major international contract with the European Maritime Safety Agency to bolster maritime pollution preparedness and expanded its Middle Eastern footprint by establishing operational oil spill response bases in partnership with Saudi Arabia's National Center for Environmental Compliance.