Harju Elekter invests in factory expansion in Lithuania

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 8,765m2 to 16,761m2. The total cost of the investment is up to 6 million euros, of which 70% will be financed by bank loan and 30% from own resources, a press release states. 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.