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
EBRD and Latvia has signed Share Purchase Agreements providing that following the increase of equity capital the EBRD will purchase 57,506,825 ordinary shares comprising 25% and 1 share of the Bank's equity capital.
more »
This dreamy scene of money raining down on Wall Street amid a deep recession has given a street artist a big break. Peter Zonis now exhibits his works in the lobby of an office building in New York's midtown Manhattan.
more »
During the draw another five winners of the Danske Bankas monthly Scholarship award were announced.
more »
Within January - March this year, the turnover on the accounts of AB Bank SNORAS payment cards increased by LTL 202 million or 18 per cent and on 31 March this year reached LTL 1.3 billion.
more »
Fitch Ratings affirmed AB DnB NORD Bankas short term borrowing rating F1, individual rating “C/D” and the support rating “1”.
more »
Taking into account changes on international and domestic money markets AB DnB NORD Bankas has changed individual and corporate customers time deposit rates.
more »
The G-20's response to the world food and financial crisis, and efforts to make ACP-EU economic partnership agreements flexible enough to meet development needs, took centre stage at the 17th session of the ACP-EU Joint Parliamentary Assembly in Prague from 4 to 9 April.
more »
European aviation will be governed by more efficient rules, leading to shorter flights, fewer delays and reduced fuel consumption, thanks to the adoption today by the European Parliament of the “Single European Sky II” legislation.
more »
Late payment for work performed, a perennial problem in Europe, is now hampering recovery from recession.
more »
On 8th April 2009 International Rating Agency Fitch Ratings has changed Bank SNORAS Long-Term Issuer Default Rating to ‘B+'.
more »