“West End Knitwear Ltd.”, one of the biggest knitwear factories in Ireland is transferring its production facilities to Siauliai, a town in Northern Lithuania.
Published:
10 April 2001 y., Tuesday
The Lithuanian company “Kildaris” named after an Irish town of Kildare will knit sweaters from natural wool for the Irish and US markets. “Kildaris” purchased 1,300 m2 production facilities and started to knit traditional Irish sweaters a month ago.
“West End Knitwear Ltd.” transferred their production facilities to Siauliai because of cost-effective labour and of the mad cow disease spreading in the West. As the main market for the Irish company is the USA, they want to have their production facilities in a country that is free from BSE” said Mr.Saulius Gabrys, Director General and owner of “Kildaris”.
The joint Lithuanian-Irish project was implemented in 4 months. Lithuanians invested USD 50,000 in production facilities, whereas the Irish company brought the equipment and trained the specialists. Up to now a half of the Irish factory has been transferred to Siauliai. The rest will come in July. The value of the equipment is USD 1 million.
“Kildaris” will employ 40 people and will knit 20,000 sweaters per month.
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
New legislation for pan-European supervision of credit rating agencies and a public debate on how financial institutions are managed.
more »
On 2 June in Vilnius, Lithuania‘s Vice-Minister of Foreign Affairs Asta Skaisgirytė Liauškienė and Deputy Director General of the World Trade Organization Rufus H. Yerxa discussed the main issues on the international trade policy agenda, Russia‘s WTO accession and the changing role of China in the world economy.
more »
2157 former construction workers in Spain and 598 ex-employees at the Irish crystal glass company Waterford Crystal with suppliers could get €11 million in EU globalisation adjustment fund aid for training, self-employment and professional orientation under plans approved by the Budgets Committee on Wednesday.
more »
Companies from the UK, Belgium, Germany and Spain have won the 2010 European Business Awards for the Environment.
more »
The planned overhaul of EU fisheries policy should devolve more powers to regions, protect small coastal fleets and boost aquaculture, said MEPs and members of national parliaments on Tuesday.
more »
The first in a series of loan agreements for energy efficiency investments in multi-apartment buildings was signed today between the European Investment Bank (EIB), as manager of the JESSICA holding fund in Lithuania, and Šiaulių bankas.
more »
Despite the current economic crisis and tensions in the euro, Estonia is set to adopt the single currency in January.
more »
Commission proposes a bank tax to cover the costs of winding down banks that go bust.
more »
The European Investment Bank will provide a total of EUR 400 million to Hellenic Petroleum SA in order to increase the production of cleaner fuels via the upgrading of the Elefsina refinery.
more »
European ministers meet on Tuesday and Wednesday in Brussels at the final Competitiveness Council to be held during the six months of the Spanish Presidency, which has an agenda laden with important issues such as the electric vehicle, the European patent system and national R+D investment goals.
more »