AS Estanc used an investment grant to expand their production by taking up manufacturing of complex and heavy pressure containers and heat exchangers, which have never been produced in Estonia before.
In 2010, manufacturer of steel containers AS Estanc received € 1.28 million from EAS as a grant for technology investments of industrial entrepreneurs, in order to build a new production plant. The company used this grant to build a new production plant and hire additional work force.
According to Vaido Palmik, Executive Director of AS Estanc, the new production plant enables lifting capacity of 100 tons and thereby makes it possible to manufacture complex and heavy pressure containers and heat exchangers.
Estanc is an Estonian capital based company, which manufactures pressure containers and heat exchangers. The owner of the company is entrepreneur Raigo Tammo. The company has about a hundred employees.
The grant is financed by the European Regional Development Fund.