Dovista started operating in the Baltic FEZ 5 years ago. Today the company enters a new phase. The construction and installations works have already begun in the Production unit. Windows of non – standart shapes and sliding doors will be produced here. From now until the end of 2023 more than 100 employees are planned to be […]
The Admiral initiative, which brings together 21 partners from 9 EU countries, was officially launched in Espoo, Finland, in May, with the aim of creating a next-generation logistics service platform within 3 years to help reduce the environmental impact of the sector. The project’s Lithuanian partners include the Klaipėda FEZ Management Company. According to the […]
From 2024, national and foreign defence companies are allowed to set up in Lithuanian Free Economic Zones. On May 23, 2023, Lithuanian Parliament lifted a ban on those commercial activities in Free Economic Zones (FEZ) that are related to national security and defence, as well as to manufacture, storage and sale of weapons, ammunition, and explosives. […]
The latest manufacturing sector report by Invest Lithuania states that even in the face of turbulent global markets in 2022, Lithuania continued to gather recognition for its performance in attracting FDI. Last year, Lithuania was rated 1st in the EU for FDI based on Greenfield FDI performance index, the country retained its 3rd place in […]
Important news at Kaunas Free Economic Zone! “Biokona”, a leading manufacturer of biogas plants and related technologies, is building a new manufacturing unit of 1,500 square meters on a 0.6 ha land plot. The new unit will focus on the production of modular equipment and metalworking. “SIRIN Development”, a real estate development and management company, has begun the first phase […]
Norwegian company Plus Windows completes the construction of an extension in the Šiauliai Free Economic Zone. It will be an aluminium products department. This expansion will allow the company to increase its capacity, better manage inventories, create new jobs and meet growing consumer needs. This year’s turnover is targeted of €9.2 million, as sales in the aluminium sector are […]
On February 23 a symbolic time capsule was buried in the foundations of the PonBike factory building at Kedainiai Free Economic zone. “The confidence shown by Pon.Bike in Lithuania and Kėdainiai FEZ in particular is an important indicator for businesses that are still considering potential locations for their investments. If Pon.Bike trusted us, you can trust us too”, says Giedrius Valuckas, […]
Albright Lietuva UAB, a British-owned manufacturer of electrical switches operating in the Klaipeda FEZ, has completed a EUR 1.5 million expansion project in the specialised production building FlexStart 2. The company has moved its entire soldering activities for electrical contacts to the new premises and established a new stamping department. Albright Lietuva, which has been […]
Starting with only three employees a decade ago, today Esco Medical Technologies has more than 70 employees and is actively looking for new ones. Spaces for its expanding ambitions and growing team are being built on a plot rented in the Kaunas Free Economic Zone (FEZ). The plan is a medical equipment plant, with approximately […]
When we talk about businesses that move to free economic zones, we imagine large greenfield investments and spacious production or logistics buildings, but in reality, the advantages of the FEZ are increasingly appreciated by the companies that do not require a large space for their operations. As the example of Kaunas FEZ shows, the choice […]