Global Citizenship: What I’ve Learned About the American PCB Business
Global Sourcing Spotlight: The Best Products to Buy Offshore Through Global Sourcing
Nolan's Notes: The Rise (and Risk) of Data
HANZA Builds New Production Facility in Estonia
December 21, 2020 | HANZAEstimated reading time: 1 minute
HANZA Holding AB expands its capacity for regional manufacturing in the Baltics and invests approximately SEK 80 million in a new production facility of just over 12,000 m2 in Tartu, Estonia.
"We are now building a tailor-made factory for complex assembly, which creates capacity for continued growth and supports our solution for sustainable manufacturing," says HANZA's CEO Erik Stenfors.
HANZA's new plant will be built directly adjacent to HANZA's production plant for sheet metal production. The total investment amounts to approximately SEK 80 million and is financed with a combination of own funds and bank loans.
“The future requires regionalized manufacturing. With the new facility, we are ready for significantly increased volumes from both new and existing customers,” says Emöke Sogenbits, CEO of HANZA's manufacturing cluster in the Baltics. "Manufacturing in our cluster also reduces the carbon footprint by having both production and assembly in the same place," continues Emöke Sogenbits, who has won several awards for her successful work in the manufacturing industry.
Work on the new building will begin immediately and the opening is planned to take place during the first quarter of 2022. For complex assembly, HANZA currently uses smaller, rented premises that will be vacated. HANZA also intends to expand the machine park in Tartu as well as the premises for the sheet metal business and has acquired land adjacent to the existing factory.
"We look forward to offering our customers and our HANZA team a developed manufacturing cluster where we continue to gather advanced technology, expertise and consulting services under one roof," says Emöke Sogenbits.
Share on:
Suggested Items
China Overtakes Germany and Japan in Robot Density
11/22/2024 | IFRChina's adoption of robots continues at a rapid pace: The country has surpassed Germany and Japan in the ratio of robots to factory workers, taking third place in the world in 2023.
PCB Design Software Market Expected to Hit $9.2B by 2031
11/21/2024 | openPRThis report provides an overview of the PCB design software market, detailing key market drivers, challenges, technological advancements, regional dynamics, and future trends. With a projected compound annual growth rate (CAGR) of 13.4% from 2024 to 2031, the market is expected to grow from USD 3.9 billion in 2024 to USD 9.2 billion by 2031.
SIA Applauds CHIPS Award for Semiconductor Research Corporation’s SMART USA Institute
11/21/2024 | SIAThe Semiconductor Industry Association (SIA) released the following statement from SIA President and CEO John Neuffer commending the announcement that the U.S. Department of Commerce and the Semiconductor Research Corporation Manufacturing Consortium Corporation (SRC) are entering negotiations for the Commerce Department to provide SRC $285 million to establish and operate the CHIPS Manufacturing USA Institute for Digital Twins.
SIA Praises Finalization of CHIPS Investments for GlobalFoundries Manufacturing Projects
11/21/2024 | SIAThe Semiconductor Industry Association (SIA) released the following statement from SIA President and CEO John Neuffer applauding finalization of semiconductor manufacturing investments announced by the U.S. Department of Commerce and GlobalFoundries.
IPC Issues Clarion Call for EU to Reclaim Leadership in Electronics Manufacturing
11/21/2024 | IPCIPC released a synopsis of its recent white paper, Securing the European Union’s Electronics Ecosystem. This condensed document presents a comprehensive overview of the current challenges in Europe’s electronics manufacturing industry and shares actionable steps to help the EU achieve a stronger, more autonomous ecosystem.