Hella, a German manufacturer of lighting technology and electronics products for the automotive industry, on Thursday officially opened its new 30-million-euro plant near Lithuania's second-biggest city of Kaunas.
Opening of the "Hella" factory
© DELFI / Mantas Jokubauskas

"Lithuania and Germany have built close and intensive political relations, as well as economic ties and even military cooperation. Such political cooperation usually leads to the arrival of businesses. We see an example of this today," Lithuanian President Dalia Grybauskaitė said at the inauguration ceremony.

She described the opening of the Hella plant in the Kaunas free economic area as proof of Lithuania's transformation from a country of cheap labor to a country of innovative and high- skilled labor.

Hella President and CEO Rolf Breidenbach said that the company had chosen Kaunas as the location for its new plant after a very careful selection process.

"We chose Lithuania, the region of Kaunas because here in Kaunas we found exactly what we require: a traditional industry region with a very educated workforce," he said.

The Hella plant manufactured and shipped out its first products in late August. The company currently employs almost 70 people and plans to hire up to 250 within three years.

The Lithuanian electronics plant is the 14th one in Hella's global network.

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.
Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

New global sales trends have not bypassed Lithuania: “Pigu.lt” has announced two-week sale festival

Traditionally, November is a very busy month for global trade sector as everybody looks forward to new...

Higher oil prices boost inflation

Annual inflation accelerated to 2.9% in October compared to 2.4% in September. On a monthly basis...

Railsbank opens new office in Lithuania

Railsbank, a leading UK-based open-banking and RegTech platform, has opened a new office in Vilnius,...

Reduced Klaipėda seaport charges for container ships to boost the development of shipping

In order to create more favorable conditions for container ships, entering the Klaipėda seaport, the...

A digital creative agency has come up with the idea of how to attract more tourists to Vilnius

The Gediminas Castle, the Hill of Three Crosses and Užupis are probably the most popular tourist...