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 World Bank is seeing a surge in demand from borrowers seeking the Bank’s expertise to mitigate currency and interest rate risk.
more »
The European Commission has approved under EU state aid rules a Lithuanian package intended to stabilise the markets as a response to the global financial crisis.
more »
Total cereal production in 2010 should be close to the average from the last five years. While the yield per hectare will be 5% above average, overall cultivated areas have decreased.
more »
According to the unaudited data, AB Bank SNORAS profit prior to provisions and tax exemption within the first half of this year comprised LTL 51 million, the bank formed almost LTL 48 million provisions.
more »
The European Commission today approved two applications from Denmark for assistance from the EU Globalisation Adjustment Fund (EGF).
more »
The European Investment Bank today signed two loans for a total amount of EUR 150 million in support of small and medium-sized enterprises (SMEs) in Turkey.
more »
On 23 July 2010 the Board of the Bank of Lithuania permitted Bank SNORAS to register a change to the articles of association related to the increase of the authorized capital of the bank by LTL 82.3 million up to LTL 494,217,107.
more »
Heads of State and top officials from the Central American Integration System and World Bank Group President, Robert B. Zoellick, agreed to join efforts towards regional cooperation and integration and adopted a comprehensive agenda that includes an action plan with more than 20 specific measures.
more »
The Executive Board of the International Monetary Fund (IMF) today approved the full cancellation of Haiti’s outstanding liabilities to the Fund, of about SDR 178 million (equivalent to US$268 million).
more »
The Executive Board of the International Monetary Fund (IMF) today completed the third review of Latvia's performance under an economic program supported by a Stand-By Arrangement (SBA).
more »