|
BNS - A division director at Enterprise Estonia (EAS) speaking to BNS on Tuesday said EAS had a couple of very large investment projects under work about which no closer information could be released at this point.
Interest in investing in Estonia clearly exists despite the complex economic situation and in addition to the couple or so very large investments several smaller projects are being worked on, said Gert Stahl, director of the globalization division at EAS.
For instance, the Finnish metal manufacturer Hyrles is about to open a plant at Juri near Tallinn at the end of this summer.
"They're creating a couple of tens of jobs this year, whereas by the year 2013 they are planning about 100 jobs and about 100 million kroons in turnover. Their large contracting partner is ABB," Stahl said.
A Swedish IT services company is planning an investment of 30 million kroons and creating up to 30 new jobs, Stahl added. The investor is about to make the final decision as regards the investment in the course of the current month.
With that investment one has to keep in mind that in the case of services the size of the investment often is much smaller than in the case of manufacturing, yet the value added may be bigger.
There are also two German investments being dealt with -- one in metals manufacturing and the other in wood industry. The projects are expected to create up to 200 new jobs combined. For the metal industry investment a positive investment decision has already been made.
In addition EAS is helping a Spanish investment in the domain of construction materials that will create a couple of tens of jobs in the initial phase. The possibility exists that in the future the company's entire value chain will be brought into Estonia, boosting the investment to several hundred million kroons and creating more than 100 jobs.
(EUR 1 = EEK 15.65)
|
