# PTG invests NOK 20M+ in expanding Malmefjorden factory in Norway

PTG is investing more than NOK 20 million to expand its Malmefjorden factory outside Molde, Norway, to increase capacity for aquaculture sector solutions.

- Type: Expansion
- Announced: 2019-08-20
- Where: Malmefjorden, outside Molde, Norway
- Value: $2.20M (20.0M NOK)
- Status: announced
- Products: heat pumps, chilling and refrigeration plants
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [PTG](https://endata.com/companies/41451.md)

## Sources

- [ptg.no](https://www.ptg.no/en/ptg-strengthens-production-capacity-in-norway/), 2019-08-20: "Investing in larger premises and modern production facilities will substantially expand our capacity and efficiency."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.