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21-02-2019

Spektrus EU, a company which manufactures fascia signs, is planning to invest EUR 1 million

Spektrus EU, a company which manufactures fascia signs, is planning to invest EUR 1 million in development this year. Encouraged by new orders coming from the CIS and the Scandinavian markets, the company management have arrangements for a significant increase in production areas.

As it stands now, the advertising market is very dynamic and intensive. To survive competition, Lithuanian and foreign companies allocate their funds to new generation fascias, logos, and unique interiors and exteriors. Hence, the demand for advertising products is invariably growing. New brands emerge, and they require advertising products with unique design or technological solutions in order to position themselves in the market. Non-standard fascia signs in terms of their dimensions with the manufacture thereof being the company’s area of expertise have been in high demand lately. Following on from successful growth in sales, Spektras EU expects to increase its annual turnover by as much as 1/3 by 2020. The company has fast development in its plans as the demand for advertising products is constantly growing. When launching the business in Latvia, Estonia and Sweden, the company’s managers were not expecting such significant growth, but they are currently determined to have the development works completed by the end of this year. The company has not only timely and innovative, in terms of technology, but also fast solutions on offer both Lithuanian and foreign markets.

The first stage involves the planning of a new facility. To meet the demand for the above products specifically in the afore-mentioned markets, the Spektrus EU company is investing in new metalworking lines and is upgrading its technological dyeing equipment. When the investments are absorbed, it is planned to have additional jobs created. Spektrus EU has been in the business inside the Panevėžys Free Economic Zone for 10 years, and it is one of the strongest fascia sign manufacturers in the region in terms of its position.

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