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PKC Group likes Lithuania for production

  • 2014-07-03
  • From wire reports

VILNIUS - Finnish PKC Group opened a new manufacturing unit in the beginning of June in Lithuania, reports ELTA. The factory, producing wiring systems for commercial vehicles, brings around 320 new jobs to the area, says Invest Lithuania. Lithuania was competing for the PKC manufacturing unit against several other countries in Central and Eastern Europe.

Based on the experience in effective manufacturing practices and production improvements, both are realized in Lithuania, says the company. In addition, Lithuania is a logistically perfect location because the company exports most of the products to the Nordics, says Timo Seppa, vice president of operations Europe, said PKC Group in an Invest Lithuania press release. Seppa finds Invest Lithuania’s active role and favorable Lithuanian Investment Law important factors in making its final decision.

This year Invest Lithuania has attracted 12 foreign direct investment (FDI) projects to the country. This is higher than during the same period last year. These FDI projects are expected to employ more than 1,413 people, more than twice as many additional positions added as last year.