26.02.2004 TVMK is moving its factory to Kohila

Hear starts the sad story that promised to bring huge luck and profit...

Furniture and plywood company TVMK, which is currently looking for investors, is moving its production to Kohila not far from Tallinn and will create 400 jobs over there.

The land is located a couple of kilometres from the centre of Kohila and was sold to TVMK by the state for 300,000 kroons. The empty square is almost 20 hectares in size and located between the railway and warehouses at a distance from residential houses, and meets TVMK's requirements that the new factory must be located near Tallinn and the railway.
TVMK disclosed its plans to leave Tallinn in September last year, as it intends to build a factory of considerably higher capacity and save on land and pollution tax, the price of water and the wages of workers.

The financial director of TVMK Oleg Panfilov said that the company will close production in Tallinn in about a year or a year and a half, as this is when the new factory should be up and running if all goes according to plan. However, there may be a stoppage in production, as it is difficult to predict when the new factory will be ready with plans for the new factory still not completed.
The plywood factory's move will create approximately 400 jobs in Kohila. TVMK currently employs about 700 people.

Kristiina Randmaa, Äripäev