Swedish Companies Transfer Production to Lithuania

“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.