AS HARJU ELEKTER

ANNOUNCEMENT

25.08.1999

 

AS SAAJOS BALTI, AFFILIATED COMPANY OF AS HARJU ELEKTER, RECEIVED 

THE 

EC CERTIFICATE

 

During the first half of the current year, the international 

certification company Det Norske Veritas audited the products and 

production processes of AS Saajos Balti, as a result of which the 

company issued on 29.07.99 a certificate to B15 fireproof doors 

(valid until 31.12.2004) stating their compliance with the EC 

requirements provided in European directive on shipbuilding.

 

AS Harju Elekter will invest this year 7 million EEK in AS Saajos 

Balti (the company’s former fireproof doors factory), incl. 2.5 

million EEK in share capital and 4.5 million EEK for expansion of 

production facilities. AS Saajos Balti is owned by AS Harju 

Elekter, 

Saajos International Ltd. (Finland) and INEXA PANEL A/S (Denmark) 

--

each 33.3%.

 

Inclusion of strategic partner INEXA, investments and EC 

certificate 

provide the grounds for increasing the exports to the European and 

world’s shipbuilding companies.

 

 

Andres Allikmäe

Chairman of the Management Board

+372 67 47 400