Type
Business expansion
Country
Estonia
Region
Eesti; Kirde-Eesti;
Location of affected unit(s)
Narva
Sector
Manufacturing
Manufacture of metals
Manufacture of fabricated metal products, except machinery and equipment
25.11 - Manufacture of metal structures and parts of structures

80 jobs
Number of planned job creations
Job creation
Announcement Date
15 May 2025
Employment effect (start)
15 May 2025
Foreseen end date
31 December 2025

Description

Fortaco Estonia

A metalworking company Fortaco Estonia has expanded its production and opened up a new factory in Narva, Estonia, on the 15th of May.

The company already had a factory that employs over 400 people (371 according to the business registry) but due to an influx of new costumers, an additional factory, that cost over €16 million, had to be built.

Currently already 30 new people are working in the recently opened factory and by the end of the year the number is expected to grow to 80 workers.

A competitor company, HANZA Mechanics that is also located in Narva, had also expressed their interests in expanding their business and opening a new factory, as the global demand for metalworking is increasing. However, currently there are no concrete plans for this expansion.


Sources

Citation

Eurofound (2025), Fortaco Estonia OÜ, Business expansion in Estonia, factsheet number 202750, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/202750.