High quality labour force and very competitive production costs have lured numerous Swedish companies to transfer their production to Lithuania.
Published:
10 July 2001 y., Tuesday
“In 6 years we have helped more than 300 Swedish companies to find business partners in Lithuania”, said Bengt Johansson, President of the Baltic Business Centre in Karlskron, Sweden. “At present four new projects are being implemented and 15 more are under negotiations”, continued Bengt Johansson.
There is quite a number of Lithuanian companies already producing for Volvo, Ikea and other famous Swedish companies. There are also several Swedish companies, which have moved their production facilities to Lithuania. For example, Evox Rifa has its condensor assembly lines in “Selteka” – a Lithuanian company in Kaunas.
Small and medium-sized wood processing and textile companies have the highest potential. There are many small high quality garment making companies near the port town of Klaipeda working for the Swedes and producing designer items from leather and suede.
The opening of another garment making company – a Lithuanian –Sweden joint venture is planned for the nearest future. “With the pegging of the Lithuanian Litas to Euro the cooperation between Lithuania and Sweden will become even more intensive”, said Bengt Johansson.
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 EBRD is increasing the availability of financing to the real economy in Hungary, with a €50 million credit line to CIB Bank, including at least €10 million equivalent denominated in Hungarian Forint.
more »
At the end of March 2010, AB Bank SNORAS deposit portfolio exceeded LTL 5 billion, of which over LTL 3 billion are household deposits.
more »
In affirmation of Vietnam’s remarkable progress towards Middle Income Country status, the World Bank Board of Directors today approved a second loan for Vietnam from the International Bank of Reconstruction and Development (IBRD).
more »
The World Bank today approved a EUR26 million loan to the Republic of Croatia aimed at further improving the efficiency of Croatia’s justice system − a necessary process in Croatia’s path towards successful European Union accession.
more »
The ACP-EU Joint Parliamentary Assembly asked the European Commission to help EU and ACP banana producers adapt to the new EU-Latin America trade agreement, which is expected to put an end to fifteen years of “banana wars” between the two continents, but has raised concerns for the livelihood of some regions' producers.
more »
As seventeen of Africa’s 53 nations celebrate 50 years of independence in 2010, Africa’s “golden moment has come” and investors around the globe must look to the continent often painted only as risk-prone if they are to capitalize on business opportunities.
more »
During the ordinary general shareholders’ meeting of AB Bank SNORAS, which took place on 31st March 2010, the bank’s profit distribution was approved.
more »
The EU is the world's largest economy, with enough international clout to return to "real capitalism" rather than resign itself to an alien "financial capitalism", concluded MEPs and experts at a public hearing held on Thursday by Parliament's special committee on the crisis.
more »
Food quality and labelling are likely to be key issues when the Common Agriculture Policy is overhauled in the coming years.
more »
The European Investment Bank (EIB) is lending EUR 250 million to Russian company Enel OGK-5 to finance the upgrading of a gas fired power plant located in Nevinnomyssk, South Russia.
more »