Ulefos Jernværk faces potential foundry closure

Management at CK Partners has recommended the closure of foundry production at Ulefos Jernværk, a historic industrial site in Nome, Norway, founded in 1657. The company suggests merging the foundry operations with production facilities in Stange, Hedmark.

Martin Sagen, CEO of CK Partners, stated that the current situation is not economically sustainable due to years of pressured profitability. The company estimates that the market has declined by approximately 30 percent over the last two to three years, compounded by intense competition from low-cost countries such as Turkey, China, and India. Sagen noted that while Norwegian production maintains high environmental standards, these factors make the products relatively more expensive, and public procurement processes often prioritize price over environmental impact.

The proposed move has drawn criticism from local political leaders in Nome. The Senterpartiet (Centre Party) board in Nome has called on the company leadership to consider their social responsibility, arguing that the decision threatens the identity, tax base, and economic stability of the local community.