# Fortaco to invest €16M in Narva plant expansion, adding 150 jobs

Fortaco will open a new production unit in Narva Industrial Park, Estonia, with a €16 million investment, including €8 million for equipment. The expansion is expected to increase the workforce from 550 to 700 by the second half of 2024.

- Type: Expansion
- Announced: 2023-11-22
- Where: Narva, Estonia, Estonia
- Value: $17.4M (16.0M EUR)
- Jobs: 150
- Starts operating: Q3 2024
- Status: under construction
- Products: CNC-machined metal parts, welded assemblies
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

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

## Sources

- [err.ee](https://www.err.ee/1609172626/narva-metallitootlusettevote-laiendab-16-miljonise-investeeringuga-tootmist), 2023-11-22: "Paneme need üles ning tootmisliinid ja seeriatootmine alustavad tööd tuleva aasta teises pooles."

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