Anva Polytech, a rubber component producer from Sweden, is setting up a production facility in Lithuania, with the aim of creating 50 new jobs in the next 5 years. The factory, which will produce a variety of rubber components, will be established in Biržai town, Panevėžys County, Invest Lithuania said.
© DELFI (P.Garkausko nuotr.)

The factory in Lithuania will work in collaboration with a similar production unit in Sweden, helping its colleagues there to meet growing demand for Anva Polytech's products. According to Leif Andersson, co-owner and chairman of Anva Technologies, the first production line in Biržai has already been launched, and another four production lines will come into operation in the next four months. Further expansion, according to Andersson, will depend on the growth of demand and output.

"We became interested in Lithuania for many reasons, first of all because of the favourable geographic location and the existing competences here. In addition, right from the very beginning, we felt we were welcome. We managed to establish contact very quickly both with the public sector - Invest Lithuania - and reliable partners in the private sector. They encouraged us to select Lithuania and to set up in Biržai," Andersson said.

According to Lithuania's Minister for Economy Evaldas Gustas, this latest investment continues to prove that Panevėžys County, building on its long traditions in this sector, is a modern manufacturing centre that is able to provide top quality engineering expertise and produce high-end industrial products. "Almost one-fifth of the students in Panevėžys County choose engineering professions, and investors clearly prefer this county for manufacturing projects. At the same time, investments like these are very important to the region, because they will not only create new jobs in the factory, but also lead to more orders for local suppliers and entrepreneurs," Gustas said.

In 2014, Invest Lithuania attracted a record number of foreign investors - 29 foreign companies decided to establish or develop businesses in Lithuania, and the combined number of new job places created was nearly 2,000.

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