OREANDA-NEWS. August 18, 2010. Innokas Medical Oy, a Finnish contract design and manufacturing company specializing in healthcare technology, is planning to increase investments in equipment and personnel in Estonia alike as it is expanding its business here.

Right now activities have been started with the goal of laying the foundation for a new company named Innokas Medical Estonia OU, Innokas Medical announced.

The managing director of Innokas Medical Oy, Jouni Ihme, said the company would continue operating out of its premises in the eastern town of Rakvere that were expanded during the summer. The new space will be ready for use at the beginning of August.

"With the establishment of the new company our manufacturing operation in Estonia will expand from electronic component assembly to management of broader entities. We are also developing our overall logistics and purchasing in Estonia and the neighboring areas. The strategic goal of these measures is be able to offer our customers ever more advanced medical equipment also from our Estonian plant," Ihme said.

Innokas Medical currently employs a little under 30 people in Rakvere and the number will grow as a result of the new investments. It set up plant in Rakvere in 2006 for the assembly of electronic equipment.

Innokas Medical's headquarters are located in Kempele, near the Finnish technology city Oulu.