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Hanza Holding AB: HANZA builds new production facility in Estonia
HANZA Holding AB (publ) expands its capacity for regional manufacturing in the Baltics and invests
approx. SEK 80 million in a new production facility of just over 12,000 m2 in Tartu, Estonia.
"We are now building a tailor-made factory for complex assembly, which creates capacity for continued growth and supports our solution for sustainable manufacturing," says HANZA's CEO Erik Stenfors.
HANZA's new plant will be built directly adjacent to HANZA's production plant for sheet metal production. The total investment amounts to approximately SEK 80 million and is financed with a combination of own funds and bank loans.
"The future requires regionalized manufacturing. With the new facility, we are ready for significantly increased volumes from both new and existing customers," says Emöke Sogenbits, CEO of HANZA's manufacturing cluster in the Baltics. "Manufacturing in our cluster also reduces the carbon footprint by having both production and assembly in the same place," continues Emöke Sogenbits, who has won several awards for her successful work in the manufacturing industry.
Work on the new building will begin immediately and the opening is planned to take place during the first quarter of 2022. For complex assembly, HANZA currently uses smaller, rented premises that will be vacated. HANZA also intends to expand the machine park in Tartu as well as the premises for the sheet metal business and has acquired land adjacent to the existing factory.
"We look forward to offering our customers and our HANZA team a developed manufacturing cluster where we continue to gather advanced technology, expertise and consulting services under one roof," says Emöke Sogenbits.
This information was distributed by Cision http://www.cisionwire.se/