“Pon.Bike at Kėdainiai FEZ
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, Member of the Board of Kėdainiai FEZ.
The Pon.Bike factory will be operational in summer 2024. By then, the bicycle manufacturer plans to create 300 new jobs in Lithuania, doubling the number to 600 employees.
The Kėdainiai plant has been granted the status of a major investment project by the Ministry of Economy and Innovation. This makes it much easier for new investors to settle in Lithuania.
The start of the construction of the factory was announced by the Minister of Economy and Innovation of the Republic of Lithuania Aušrinė Armonaitė, Vice President for Operations of Pon.Bike Janco van der Heiden, Chairman of the Board of the Kėdainiai FEZ Domas Dargis and other guests.
Some important facts about the Pon.Bike factory:
- This will be the company’s eighth factory and will meet the highest standards of sustainability and clean production through the use of modern technologies. The company’s other factories are situated in the Netherlands, Germany, the US and Brazil.
- Up to 600 new jobs are planned to be created in Lithuania.
- The plant will be ready for opening in the summer of 2024.
- Once fully functional, the factory will produce up to 450 000 bicycles a year.
- The new factory will assemble bikes by various world-famous brands including Gazelle, Kalkhoff, Focus, and Urban Arrow.
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