Prima Industrie

Prima Power, through its subsidiary Finn-Power Oy, opened a new EUR 20 million, 20,000 square meter manufacturing plant and technology center in Seinäjoki, Finland, on March 21, 2019. The facility produces laser-cutting, punching and automation equipment and employs 400 people.

Prima Industrie, through its subsidiary Prima Power Suzhou, resolved to acquire a 19% stake in Suzhou Lead Laser Technology for approximately 50 million renminbi (€6.7 million), with an option to acquire an additional 41% by 2020.