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27-11-2019

Company “Leesys” invests in Panevėžys Free Economic Zone

The electronics manufacturer from Leipzig, Germany, will open a modern technical maintenance, repair, and production unit in Panevėžys Free Economic Zone. Panevėžys FEZ was chosen and considered as the most suitable for the planned development phase.

Director of Panevėžys FEZ, Rokas Krivonis says: “A comprehensive service solution ‘Easy start’ offered by PFEZ, allows the investor to start operations immediately after the signing of the agreement and was one of the main motives of Leesys’ decision to invest in Lithuania.” The expansion is planned to take place in several phases, with 10 people expected to be employed at the start and then increase number of employees to 40.

The countries, where the investment was planned, were assessed on the basis of a number of factors, including infrastructure development, labour market possibilities, location, and other common factors. Panevėžys region boasts a high level of specialist qualification, well-developed infrastructure, and openness to technology. For its part, Leesys is ready to cooperate with Lithuanian universities. This is a great opportunity to find talented young people who would increase the staff of the promising company.

Leesys manufactures electronic products for the automotive, telecommunication, smart technology, and health industries in foreign markets. It is not yet specified which devices will be manufactured in Lithuania.

It is likely that the strategic decision of the famous German company Leesys to invest in Panevėžys FEZ will stimulate interest of other foreign companies.

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