Market announcement
AS Harju Elekter Group
LEI code
5299009GM96I0NYKWS93
Size of the entity
Large group
Economic activities
Real Estate Activities
Industry sector(s)
Credit rating agency
Country of registered office
Estonia
General information
Categories
Other price sensitive information
Unique data record identifier
8179
Submission date and time
22.07.2020 08:05:00
Content of announcement in Estonian
Title
Harju Elekter investeerib Leedu tütarettevõtte tehase laiendusse kuni 6 miljonit eurot
Message
ASi Harju Elekter Leedu tütarettevõte Harju Elekter UAB alustab septembris Panevežyses tehase laiendamise 4. etapiga. Ehitustöid teostab Kaminta UAB ning tööd kestavad 2021.a märtsini. Pärast ehitustööde lõppu suureneb Leedu tütarettevõtte kontori- ja tootmispind seniselt 8765 m2-lt 16761 m2-le. Investeeringu kogumaksumus on kuni 6 miljonit eurot, millest 70% finantseeritakse pangalaenuga ja 30% omavahenditest. Tehase laiendusse suunatud investeeringud võimaldavad Harju Elekter UABl kahekordistada tehase tulusid ning suurendada töötajate arvu praeguselt 241 inimeselt 350 inimeseni. Harju Elekter UAB fookus on toodete, teenuste ja lahenduste välja töötamine ja tootmine süsteemi integraatoritele merendus- ja tööstussektoris, tarnides spetsiaalselt kliendi tarbeks välja töötatud energiajaotuse ja sagedusinverter lahendusi. Harju Elekter UAB omab merendusalaseid DNV GL ja RINA sertifikaate. Harju Elekter kontsern on juhtiv kesk- ja madalpinge elektri- ja automaatikaseadmete valmistaja Baltimaades ning tuntud ja tunnustatud tootja Skandinaavia riikides. Harju Elektri põhitegevusalaks on elektrienergia jaotuseks ja ülekandeks vajalike seadmete välja töötamine, tootmine ja müük. Põhitegevust toetavad lehtmetalltoodete tehas Eestis ning tööstuskinnisvara arendamine ja rentimine. Harju Elektri Eesti, Soome, Rootsi ja Leedu tehastes töötab üle 800 spetsialisti ning Kontserni 2019.a müügitulu oli 143,4 miljonit eurot. Harju Elektri aktsiad on noteeritud Nasdaq Tallinna Börsil. Tiit Atso Juhatuse esimees 6 747 400 Koostas: Ursula Joon Jurist 6 747 413
Content of announcement in English
Title
Harju Elekter invests up to 6 million euros in factory expansion of the Lithuanian subsidiary
Message
In September, the Lithuanian subsidiary of AS Harju Elekter, Harju Elekter UAB, will commence Step 4 of expanding its factory in Panevėžys. The construction works will be performed by Kaminta UAB and the works are scheduled to be finished in March 2021. After the construction works have been completed, the office and manufacturing area of the Lithuanian subsidiary will increase from the current 8,765 m2 to 16,761 m2. The total cost of the investment is up to 6 million euros, of which 70% will be financed by bankloan and 30% from own resources. Investments directed at expanding the factory enable Harju Elekter UAB to double the factory revenues and increase the number of employees from 241 to 350. Harju Elekter UAB provides detail engineering, contract manufacturing and full load testing services for marine and industrial system integrators. Harju Elekter UAB main competences are liquid cooled multidrive systems and switchgear, factory has DNV GL and RINA Manufacturing Survey Arrangements (MSA) for in house marine class society certification. The Harju Elekter Group is the leading manufacturer of medium and low-voltage electricity and automation equipment in the Baltics, and a well-known and recognised manufacturer in Scandinavia. The main business activity of Harju Elekter is the development, production and sale of equipment required for the distribution and transmission of electricity. The main business activity is supported by the sheet metal production factory in Estonia, as well as the development and leasing of industrial real estate. Over 800 specialists are employed in the Estonian, Finnish, Swedish and Lithuanian factories of Harju Elekter, with the Group’s sales revenue amounting to EUR 143.4 million in 2019. Shares of Harju Elekter are listed on the Nasdaq Tallinn Stock Exchange. Tiit Atso Chairman of the Management Board +372 6 747 400 Prepared by: Ursula Joon Lawyer +372 6 747 413