OREANDA-NEWS. November 06, 2009. Satmatic Oy, the Finnish subsidiary of Harju Elekter, took into use nearly 1370 cubic meters of new production premises and nearly 500 cubic meters of new office premises, reported the press-centre of Harju Elekter.

The construction was managed by the Ulvila City Government's operator company Kiinteisto Oy Ulvila Sammontie 9, which gave them, by way of financial lease, to the possession of Satmatic Oy. After completion of the new premises, the total production premises of the plant accounts for nearly 4250 cubic meters. The addition of production premises ensures preparedness for growth in order volumes in the coming years and allows for the vacating of temporary lease premises.

A public competition to find a construction company was organized. The work for extending the plant commenced at the beginning of 2009, and the production premises entered operation in July. The construction was completed with a high level of quality and in a timely manner. The entire project, together with the outdoor and landscaping work, was completed by the end of October. The cost of the investment totalled MEUR 1.7.

Harju Elekter is a leading manufacturer of electrical plants and materials in the Baltic States. Harju Elekter Group includes the manufacturers of electrical plants in Estonia, Finland and Lithuania: AS Harju Elekter Elektrotehnika (100%), Satmatic Oy (100%) and Rifas UAB (51%), as well as the manufacturer of telecommunications products AS Eltek (100%) and the related company AS Draka Keila Cables (34%). Harju Elekter also has financial investments in the Latvian seller of electrical plants SIA Energokomplekss (14%) and the Finnish stock company PKC Group Oyj (8%).