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Company based on Russian capital Esme OU is building a factory in the Narva Logistics and Industrial Park in East-Viru County to start producing electrical equipment.
Esme OU to build electrical equipment factory in NE Estonia
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Owner of the company Ildar Giniyatullin told BNS that the size of the investment is about one million euros and the factory will be finished in either 2014 or 2015. About 20-30 people will start work in the factory.
When asked about the choice of location he said that it is easier to transport products to be assembled to Estonia, and that land and energy are cheaper than in St. Petersburg.
According to Giniyatullin the planned annual revenue would initially be about one million euros and he is planning to sell products all over the world.