Kitron to Triple Turnover of its Electronics Plant in Kaunas
Published:
1 August 2003 y., Friday
Kitron group, one of the leading electronics manufacturers in the Nordic countries plans to triple the turnover of its Kaunas-based factory by moving more orders to Lithuania from Kitron’s subsidiary companies, as it is very satisfied with the quality of work in Kaunas.
Kitron’s plant in Kaunas is targeting a EUR 15 million turnover in 2003, up from EUR 4.4 million in 2002.
At present the Kaunas factory produces high-quality ultrasound heart scans, rehabilitation devices for disabled people as well as industrial electronic equipment (anti-theft systems for cars, components for military application, etc.)
Kitron plant in Kaunas is planning to specialise in the production of medical equipment in the coming years
In 2002 Kitron’s investment in its Kaunas plant was EUR 3.6 million.
Šaltinis:
lda.lt
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The Gas Coordination Group, chaired by the Commission, met this afternoon to analyze in detail all elements of the preparedness of the EU and the Energy Community for a potential supply disruption in the Winter 2009/2010.
more »
In a meeting of the European Bank Coordination Initiative Group, held in Brussels, the parent banks of the nine largest banks operating in Romania reaffirmed their commitment to maintain their exposure to the country and ensure adequate capital levels over 10 percent for their affiliates.
more »
Airline airBaltic has informed of its plans to resume some flights from Vilnius International Airport before the end of this year.
more »
The European Commission has approved under EC Treaty state aid rules the restructuring plan of Lloyds Banking Group.
more »
"Finance and climate change" was under discussion at a 10 November hearing in parliament's Industry, Research and Energy Committee.
more »
The International Monetary Fund announced today the sale of 2 metric tons of gold to the Bank of Mauritius, the nation’s central bank.
more »
The euro area economy grew by 0.4% in the third quarter. Is the crisis over?
more »
After lots were drawn, ten winners of Danske Bankas scholarships and one winner of an iPod shuffle player were established.
more »
From 16 November 2009, AB Bank SNORAS network starts providing new products – one can sign agreements of “Finasta Asset Management” II level pension accumulation funds in all subdivisions of the bank.
more »
The expected turnaround in the Baltic Rim economies is likely to gradually improve the business opportunities for Nordic companies operating in the region.
more »