# AGCO invests EUR 70 million in Linnavuori plant in Nokia, Finland

AGCO is investing EUR 70 million in its AGCO Power facility in Linnavuori, Nokia, Finland, to build a clean energy laboratory, a production hall, a paint shop, and a training centre. The investment will add 11,000 square metres of space and is expected to create dozens of new jobs.

- Type: Investment
- Announced: 2024-03-21
- Where: Nokia, Finland, Finland
- Value: $76.0M (70.0M EUR)
- Jobs: 100
- Starts operating: 2025
- Status: announced
- Products: clean energy laboratory, fuel cells, electric drives, cylinder heads, CVT components, remaufactured engines
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [AGCO](https://endata.com/companies/6630.md)
- [Agco Power](https://endata.com/companies/36646.md)

## Sources

- [agcopower.com](https://www.agcopower.com/latest/70-million-euro-investment-to-linnavuori/), 2024-03-21: "We are investing in the future of clean energy, Linnavuori and, ultimately, AGCO."
- [aamulehti.fi](https://www.aamulehti.fi/pirkanmaa/art-2000010306192.html), 2024-03-21: "Tämä 70 miljoonaa ajoittuu parille vuodelle, niin kyllä tämä poikkeuksellisen iso investointi on."

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