Enterprise

Despite its new name, Atlantia Works Oy has a long history in the mining and engineering industry. Our story begins with the Mustavaara mine of Rautaruukki Oy that was operating in Taivalkoski in 1976-1985. In the 1970s, the mine was the largest producer of vanadium in Western Europe and a major producer worldwide. The mine employed 300 people. Rautaruukki stopped mining as unprofitable in 1985 as the world market prices of vanadium fell due to oversupply. Transtech Oy, a Rautaruukki subsidiary, built a railway wagon factory in Taivalkoski in 1985, and miners were retrained as metalworkers. In 1998, Telatek purchased the railway wagon factory, and the factory was turned into a heavy engineering workshop specializing in the manufacture of hulls for large propeller systems.

Important milestones:

• 1975-1985 Rautaruukki Oy’s Mustavaara mine
• 1985 Transtech Oy, a Rautaruukki subsidiary, sets up railway wagon factories in Otanmäki and Taivalkoski
• 1998 Telatek Oy becomes owner of Taivalkoski workshop
• 2005 Atlantia Oy becomes owner of Telatek Oy
• 2006-2008 Investment programme with a gross value of €7 million is implemented
• 2015 Telatek Oy is renamed Telatek Works Oy
• 2024 Telatek Works Oy is renamed Atlantia Works Oy