PANEVEZYS - According to local media reports, Devold of Norway, a leading outdoor brand and producer of knitted products, is planning to set up a new factory in Lithuania, which has already been its main production base since the late 1990s, reports news2biz.com. Devold, together with two Lithuanian food cooperatives, will become the first investors in the Panevezys industrial park in central Lithuania.The three companies are said to be planning to invest a total of over 60 million litas (17.4 million euros) and create 470 jobs on three land plots totaling 11.5 hectares, one fourth ...
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