Orders are coming in thick and fast at Norwegian capital company Stansefabrikken's factory, located in the Lithuanian town of Ukmergė. The company forecasts growth of 10-15 percent and its turnover should reach EUR 21 million.
© U. Karaliūnaitės nuotr.

Demand is so strong, the staff is working in four different shift patterns in order to maximise production, Invest Lithuania reports.

Stansefabrikken, owned by Norwegian company STAFA Industrier, moved to Ukmergė in 2003. Its turnover then amounted to EUR 4 million. "So, over a decade, we have grown more than four times," said Nerijus Mašalas, the director general of the company. The plant produces a range of products and components, including TV frames, sledge frames, electrical distribution boxes, mailboxes, commercial shelving, filing systems, electric heaters and cooling equipment, ramps and even parts for Boeing engines.

The company's management and administration team consists of 50 people. More than half of them live within a 70-kilometre radius of Ukmergė: in Utena, Vilnius, Kaunas and Panevėžys.

The majority of floor workers, however, come from Ukmergė, and jobs for local workers are increasing. "The number of staff employed in production increased from 150 to 205 - it has been an impressive year," the director general of the company said.

The company has invested about LTL 25-26 million (EUR 7.3-7.5 million) over its 10 years of operations in Lithuania. From 2008 to 2012, investment in equipment and management of the company's production processes amounted to LTL 10.56 million (EUR 3 million).

It is forbidden to copy the text of this publication without a written permission from ELTA.

Lithuania to step up visa issuance for foreign startups

Lithuania will start issuing visas to businessmen establishing startups in the country faster as of...

Lithuania's aviation group buying UK's charter airline

Avia Solutions Group , an aviation group owned by Lithuanian businessman Gediminas Ziemelis , is...

Training center to replace old correctional facility in Vilnius

The demolition of an unused complex of buildings that used to house a correctional facility will...

120 million EUR will be provided for European beekeepers

The European Commission will provide €120 million to the EU's beekeeping sector over the next...

Court: Lithuanian companies don’t have to pay million-worth fine to Serbia

Arvi , a Lithuanian fertilizer, fodder, sugar and turkey meat production group owned by businessman...