TALLINN, ESTONIA – Eolane’s Estonia operations is moving into a new building here, where approximately 300 new jobs are expected to be created during the next few years, according to published reports.

The new plant will increase floor space of the company’s manufacturing to 11,000 sq. m. in three stages, with the first stage of 6,700 sq. m. to be commissioned in the fall.

Operations and the company’s 500 Estonia staff plan to move to the new location by the end of the year.

The new site will manufacture communications equipment, LED lights for the automotive industry, and other electronics.

"The new electronics plant was born out of the practical need to keep up with the pace of orders from the auto and telecom industries," Eolane Tallinn manager Antoine Yon said. "During the past three years, our revenue more than doubled. We need a bigger plant and more people to be able to grow.”

Eolane Tallinn’s revenue was €68 million last year, accounting for one-fifth of total group revenue.

No financial terms of the move were disclosed.

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