Harju Elekter                 NEWS RELEASE                      05/04/2004



ASSOCIATED COMPANY OPENS NEW PRODUCTION BUILDING



Today, on 4 May 2004, the affiliated undertaking of Harju Elekter, AS Keila

Kaabel, opens its new production hall. As a result of the expansion projects 

of the factory launched last summer, the production volumes of the factory 

will increase and according to the business plan, the sale of the output of 

the factory will double over the two years to come. It is planned to create 

20 new workplaces in the coming months.



The expansion project comprised the construction of a new production hall 

with an area of 2500 m2 and the reconstruction of the drawing and production 

lines  of copper and aluminium cables. The new technology and the extended 

production facility will enable the Keila Kaabel factory to improve 

productivity and broaden its product range and quality. According to a long-

term lease contract, Keila Kaabel leases 7600 m2 of the production space 

and an external storage of more than 10,000 m2 from the registered immovable 

belonging to Harju Elekter.



AS Keila Kaabel was founded by Harju Elekter and Nokia Kaapeli in 1992 with 

a share capital of EEK 24m (EUR 1.53m). Sales in 2003 were EEK 345.3m 

(EUR 22.1m), and net profit was EEK 14.53m (EUR 0.93m).







Andres Allikmäe

Chairman of the Board

Tel +372 6 747 400



More information: Endel Palla, Chairman of Supervisory Board (tel+372 6 747

400).





Moonika Vetevool

PR manager

+372 6 712 761