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Construction firm to open new factory in Lithuania

  • 2014-07-08
  • From wire reports, VILNIUS

A construction firm will open a new textile factory in Lithuania, creating jobs

Construction company AB Panevezio Statybos Trestas has signed a contract with UAB Devold to open the new factory in Panevezys.

The project cost is an estimated 11 million euros whilst it's hoped the factory will be built in one year.

The new factory, which will be equipped with modern geothermal heating system will be located in Panevezys Free Economic Zone, Janonio Street. The total area is about 16,000 square metres.