aA
US medical equipment manufacturer Hollister, which is opening its new factory in Kaunas on Wednesday, says the 50-million-euro investment could be only the first stage of its expansion in Lithuania, the business daily Verslo Zinios reported on Tuesday.
Hollister Incorporated
Hollister Incorporated
© Kas vyksta Kaune

Hollister Incorporated President George Maliekel said that if the production of ostomy care and other products is successful, the company may exploit opportunities beyond manufacturing in the future.

He also hinted that Lithuanian employees may have an opportunity to acquire shares in the company in the future.

Construction on Hollister's production facility in the Kaunas Free Economic Zone began in November 2017. The US company plans to employ 500 people at the factory.

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.
|Populiariausi straipsniai ir video

GetJet Airlines set to lay off 370 employees

Lithuania's wet-lease and charter services provider GetJet Airlines has given lay-off notices to 370...

Avalanche of ideas developed in 'Hack the Crisis' hackathon

One of the most important tasks for hackathon organizers was to identify the most pressing issues,...

Lithuania and some other EU countries ask for Mobility Package postponement

Lithuania and "like-minded" EU member states are urging the bloc's bodies to postpone the...

Oro Navigacija sees further 50 pct drop in workload after Russia halts flights

The chief executive officer of Lithuania's state-owned air navigation service provider Oro...

Intersurgical to produce 1 million respirators for medics

Intersurgical, a Lithuanian designer, manufacturer and supplier of a wide range of high quality...

Top news

8th death in Lituania due to coronavirus

On Tuesday it was announced about another death of a patient with the novel coronavirus .

Coronavirus pandemic: 537 cases in Lithuania

On Tuesday, 30th March, 46 new COVID-19 cases were confirmed in Lithuania. In total there were 537...

The Roop gets place in final in next year Eurovision selection

Lithuania will hold a national Eurovision selection next year, and this year's winner The Roop, a...

27 severe coronavirus cases in country

Lithuania currently has 27 severe COVID-19 cases and the coronavirus outbreak has not yet peaked,...

GetJet Airlines set to lay off 370 employees

Lithuania's wet-lease and charter services provider GetJet Airlines has given lay-off notices to 370...

|Maža didelių žinių kaina