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.

President's proposed faster pension rise to cost EUR 65 mln in 2 years

A faster increase in pensions, proposed by Lithuanian President Gitanas Nauseda, will cost the state...

Foreign countries surprised by Lithuanian success in this field

Growing social pressure regarding waste and ecology forces countries to introduce packaging...

Residents to be offered EUR 1,000 for less polluting cars

Lithuanian residents will be able to ask for 1,000 euros in compensation when changing their old...

Biggest land owners in Lithuania named

Ramunas Karbauskis , leader of the ruling Lithuanian Farmers and Greens Union, businessman Darius...

Representatives of ruling party propose taxing large retailers

Representatives of the ruling Lithuanian Farmers and Greens Union have proposed introducing a new...