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November 21, 2019

St. Petersburg-based Argus Spectrum International will open a plant in Finland for €3 million

St. Petersburg-based Argus Spectrum International will open a plant to produce wireless fire alarm and notification systems in Finland on December 11, RBC reported on November 21 with reference to the Executive Director of Argus Spectrum International Mikhail Levchuk.

The production site is located in the city of Savonlinna in the southeast of the country, the choice of location in the company is explained by "historically good connections with Finland. Investments in the construction of the new plant amounted to 3 million euros. Serial production is scheduled to start in January 2020. The annual production volume of wireless security and fire alarm systems is 500 thousand pieces.

Argus Spectrum International has already agreed to supply its products to companies from Japan, the UK and the Arab Emirates.

According to SPARK, the revenue of Argus Spectrum International in St. Petersburg in 2018 was 52 million rubles, net profit - 2.2 million rubles.

According to information on the company's website, Argus Spectrum International was founded in 1993 in St. Petersburg by scientists of the Polytechnic University. Over the period of its existence, the company has equipped 150 thousand facilities worldwide, including the British Parliament (Big Ben), the Queen's Castle in Scotland, the Universities of Cambridge and Eton, and the State Hermitage Museum. With the appearance of the plant in Finland, as well as in partnership with a number of international companies Argus Spectrum International plans to significantly expand its export direction and increase the supply of radio channel equipment to Europe and the Middle East.

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