# Fortaco Estonia opens new production facility in Narva with €8M investment

Fortaco Estonia is opening a new facility with advanced production lines in Narva's Kadastiku industrial park, investing €8 million (with €2 million from the Just Transition Fund), creating over 50 jobs by end of 2024 and increasing production capacity by about 25%.

- Type: Expansion
- Announced: 2023-11-22
- Where: Narva, Kadastiku industrial park, Estonia
- Value: $8.75M (8.00M EUR)
- Jobs: 50
- Starts operating: 2024
- Status: under construction
- Capacity: 25% production increase
- Products: steel booms, steel frames, steel structures
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Fortaco Estonia](https://endata.com/companies/73962.md)
- [Fortaco Group](https://endata.com/companies/15173.md) (partner)

## Sources

- [geeniusdigipro.delfi.ee](https://geeniusdigipro.delfi.ee/artikkel/120476281/narva-suurima-eraettevotte-uues-tehases-on-jargmise-aasta-lopuks-ule-50-tookoha), 2023-11-22: "Investeeringud aitavad kasvatada käivet, töötajate arvu ning pakkuda unikaalseid lahendusi keeruliste terastoodete valmistamiseks."

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