TOP ESTONIAN ENTERPRISES

Photo: Toomas Tuul
Nominees
for the Foreign
Investor 2009
We pay recognition to the companies
which have specially outstood with the
volume of direct foreign investments
made to Estonia and the contribution
to the Estonian life of economy
through the involvement of new technologies
and creating of jobs with high
qualification.
WENDRE AS
AS Wendre was established in 1996. The owner
of the company is Peter Hunt, the foreign Estonian
residing in Sweden, through Wendre
Scandinavia AB.
AS Wendre produces the blankets, porolone
products, pillows and mattresses. The company’s
production units are located in Pärnu
and Vändra, also the plant in Poland and sales
representation in Germany belong to Wendre.
Several development projects are in operation,
by which the production will be changed more
complicated and the choice will be expanded.
The company has constant active product development,
many components are purchased
from other Estonian producers, by providing
thus work to them. About 96% of the production
is export.
Wendre is well-managed and balanced developing
company which is not fulfilling only procurement
works, but deals with the independent
product development and sales work and
new development projects – in 2008 more than
5 million kroons were invested to the new products
and technologies. Also, the company proceeds
from the environment-saving production
(waste management project is planned). It is
also important that Wendre would provide work
for approximately 700 employees.
JELD-WEN EESTI AS
JELD-WEN Eesti AS is the part of JELD-WEN
Door Solutions which in its turn is the part of
the world’s largest door and window producer
AS JELD-WEN.
JELD-WEN was established in 1960 with 15
employees as the small company in Klamath
Falls in Oregon State in the western coast of
USA. Today JELD-WEN produces both windows
and doors and the company has production
units in 22 countries by employing more than
20 000 employees. The main products of the
plant located in Rakvere are the inner and outer
doors and doorhandles. More than 700 persons
are employed in total of three shifts in the plant.
The company located in Rakvere was established
in 1997 by the Danish company Vest
Wood AS. In 2006 the American door and window
producer JELD-WEN Inc. purchased Vest-
Wood AS and in October 2007 Vest-Wood got the
new name of JELD-WEN Door Solutions.
The sales office of the Baltic countries is also
located in Rakvere which markets the products
of JELD-WEN AS under the trademarks SWE-
DOOR and JELD-WEN. The sales of the company
reached approximately 650 million kroons
in 2008 and the profit 53 million kroons. The
work is provided to more than 700 persons by
being one of the major employers in Lääne-
Virumaa. •
Nominees for the Foreign Investor 2009
Enterprise Main activity Sales 2008 Total amount of Share of export Net profit Added value Employees
(th EEK) investment in in sales 2008 per employee
Estonia (th EEK) 2008 (%) (th EEK) 2008 (th EEK)
ABB AS Design, preparation, sale and maintenance of the energy and automation products and systems 2,570,000 1,107,423 70 147,000 563.4 1,069
WENDRE AS Production of textile products 1,017,834 494,000 96 11,216 380.5 670
JELD-WEN EESTI AS Production of textile products 648,718 250,119 88 53,685 356.9 715
www.konkurents.ee
1 EUR = 15.6466 EEK; 1 EEK = 0.0639 EUR; based on 2008 data
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