Pon.Bike – an important investor in the Kėdainiai FEZ
The Kėdainiai Free Economic Zone will have the world’s leading bicycle manufacturer Pon.Bike launch a new factory in 2024.
It will manufacture high-end Gazelle, Kalkhoff, FOCUS and Urban Arrow bicycles there.
The production centre is expecting to hire around 300 staff in the first year, with the employee number going up to as many as 500 in the future.
Pon.Bike has secured its leading position in the global market thanks to the takeover of Dorel Sports. Dorel Sports owns the world class Cannondale brand.
In the recent months, the company has focused greatly on the building and development of its new plants in the Netherlands (Dieren) and Germany (Emstek). It was no accident that Lithuania has been chosen as yet another country for investment. It was down to its convenient geographical location, logistics solutions, ease of doing business, as well as skilled and motivated workforce. The Kėdainiai FEZ will also offer Pon.Bike a well-developed excellent infrastructure along with favourable tax and legal incentives.
Pon.Bike was incorporated in the Netherlands back in 2011 following the acquisition of the premium bike manufacturer Royal Dutch Gazelle. At present, Pon.Bike develops and manufactures bicycles by various brands such as Kalkhoff, Focus, Cervélo, Santa Cruz, Urban Arrow, BBB Cycling and others.
The company’s bikes are sold across Europe, Australia, North America and Asia.
Good luck launching in Lithuania!