Argus Spectrum International

Type
Business expansion
Country
Finland
Region
Manner-Suomi; Pohjois- ja Itä-Suomi; Etelä-Savo
Location of affected unit(s)
Savonlinna
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
26.5 - Manufacture of measuring testing instruments, clocks and watches
26.51 - Manufacture of instruments and appliances for measuring, testing and navigation
100 jobs
Number of planned job creations
Job creation
Announcement Date
4 March 2019
Employment effect (start)
Foreseen end date

Description

Argus Spectrum International, a Russia-based company specialised in fire detection and security systems, has announced that it will establish a new production plant in Savonlinna. The company invests €2 to 3 million in the new factory and plans to recruit about 100 new employees at the site. The production is expected to begin in June 2019. The plant will produce wireless fire protection products and early warning and positioning systems for the international market. Local authorities have welcomed the investment. 

Sources

Citation

Eurofound (2019), Argus Spectrum International, Business expansion in Finland, factsheet number 97351, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/97351.