Expansion in the Horizon
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Expansion in the Horizon

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We warmly welcome Jure Mikolčić, Fortaco Group President & CEO, to the Fortaco team as ... Read more
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Jure Mikolčić elected to Fortaco’s board of directors

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A man in a suit stands in front of a dark background with the word “FORTACO” in bold white letters behind him.

Expansion in the Horizon

News

We warmly welcome Jure Mikolčić, Fortaco Group President & CEO, to the Fortaco team as ... Read more
A person in business attire holding and flipping through a folder, with the text "FORTACO AS AN INVESTMENT" overlaid in bold letters. The left edge has a yellow vertical stripe.

Jure Mikolčić elected to Fortaco’s board of directors

News

Fortaco Group Holdco Plc | Stock Exchange Release | 2 August 2026 at 10:00 PM ... Read more

See all articles >

We Build the Future

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News

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By Fortaco

Fortaco Estonia is expanding.

Today, we are celebrating the opening of our new factory, located in Narva Kadastiku Industry Park.

Business Site Narva’s new factory is a manifestation of the great collaboration between Fortaco teams, from engineers and technologists to logistics and project management specialists.

The current 35,000 square meters located in the Narva city centre will now have an added 8,000 square meters under its domain, providing 40-50 additional jobs in the area.

The new factory offers competitive solutions and strong operational excellence through an advanced production specialization line, prefabrication equipment, welding robots, and CNC machinery centres that allow us to significantly increase production capacity and ensure even higher product quality.

With the newly installed equipment, the new factory is a full-cycle production facility — from raw material processing to painting and assembly — significantly boosting the overall manufacturing efficiency.

Factory’s production line is highly versatile, being able to manufacture products for different customers, reducing risks and increasing operational flexibility.

We are less vulnerable, if any of our customers experience a temporary drop in volumes – production doesn’t stop,” says Larissa Shabunova, Managing Director, Fortaco Estonia.

In the opening ceremony, we had the honour of having Vesa Vasara, Finnish Ambassador to Estonia, Katri Raik, Mayor of Narva, and Tatjana Stofalt, Narva City Council Head, as our guests. We highly appreciate the presence of our customers Palfinger, John Deere and Komatsu, our suppliers, other business partners and Swedbank’s presence.

According to Shabunova, the strengths of the Narva team are foresight, diligence, and systematic thinking.

The team just does not ”Trust in Tomorrow” – they create it.

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