Germany's technical textiles company Visiotex, which is known for its innovations, is readying to invest in Lithuania's second-largest city Kaunas, Verslo Zinios business daily said.
The investment has not yet been discussed by the German-Baltic Chamber of Commerce or Invest Lithuania governmental investment promotion agency, however, the company's CEO Friedrich Roell confirmed to the daily the plans of making technical textiles in Lithuania.
"For now, it is only clear that we plan to open a factory and that it will be in Kaunas. We are...
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