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
An International Monetary Fund (IMF) mission led by Mr. Hunter Monroe of the IMF’s Western Hemisphere Department visited Dominica during January 18-28 for the annual Article IV discussions on economic developments and macroeconomic policies.
more »
Experts in agriculture and government authorities coincided in requesting new management mechanisms and market regulation to protect the farming sector from the price crisis and enable generational changeover in rural areas at the European Congress of Young Farmers, organised by the ASAJA-Seville agricultural organisation.
more »
Immediate action is required to solve Europe's skills deficiencies and give Europeans a better chance of labour market success in the future, says an independent expert report published by the European Commission today.
more »
The European Investment Bank (EIB) is lending EUR 15.5 million to upgrade water supply and wastewater treatment in the City of Mykolayiv (southern Ukraine) and EUR 100 million to finance small and medium-sized investments in the areas of SMEs, energy efficiency and the environment in Ukraine.
more »
The European Commission can confirm that on 20 January 2010 Commission officials carried out targeted inspections at the premises of producers of Flexible Alternating Current Transmission Systems (FACTS).
more »
The European Commission has authorised today under the State aid rules a Lithuanian scheme worth LTL 10 million (approximately EUR 2.9 million) aimed at supporting farmers who encounter difficulties as a result of the current economic crisis.
more »
The effects of the global food, fuel and economic crisis would be felt by Africa’s people for some time yet and it was important to persist with efforts to protect the most vulnerable while laying the foundations for future productivity and growth, World Bank Group President Robert B. Zoellick said Tuesday.
more »
Mongolia’s herders have learnt a hard lesson this winter; a lesson that can perhaps be applied to managing Mongolia’s economy.
more »
DnB NORD Bankas, the leader of the country’s in investment products market, raises initial margin ratio for repurchase deals for most actively traded Lithuanian and Estionian shares.
more »
With over 23 million unemployed in the Europe Union and the jobless figure having risen in every member state since last year, how Europe is coping with the crisis and the effect on pension systems were discussed on Thursday 28 January.
more »