OREANDA-NEWS. July 14, 2011. The Finnish manufacturer of power transformers and voltage stabilizers Trafotek has invested around four million euros in building a new factory in the village of Juri in northern Estonia and plans to expand production.

Manager Pertti Arvonen told the business daily Aripaev that the company launched production in Estonia at the beginning of May this year. "At present we have 35 staff in Estonia, but the number will grow already within the next couple of weeks and by the end of the year we expect to employ 40-50 people," he said. In his words, there are already plans to expand production.

"As we have customers in Estonia we have been making deliveries from Finland to Estonia for years -- the products are heavy and transport is expensive, so opening production in Estonia was a logical step," Arvonen said.

Media reported the Turku-based company's plan to build a factory giving work to 50 people in the territory of the Rae technology park outside Tallinn last July. The factory was planned to have a floor area of 4,000 square meters.

Trafotek Oy posted a turnover of 55 million euros for 2009. The company employed 280 people in Finland last year.