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The planned investment is approximately EUR 50 mln with around 300 new jobs to be created over the next several years. The primary purpose of the investment is to meet demand in Europe.

“The decision to have a production site in Lithuania is a strategic initiative for our company. It will allow us to build new capacity and better serve our customers, primarily in Europe, which already accounts for the majority of our sales. We look forward to working with the Lithuanian government and implementing this project in Kaunus,” said V. George Maliekel, President and Chief Executive Officer, Hollister Incorporated.

“Kaunas is an exceptional location for manufacturers of medical equipment. Kaunas University of Technology and the Lithuanian University of Health Sciences boast valuable competencies and cooperation in the area of research, resulting in innovative inventions that put Lithuania on the world map and substantially contribute to the education of qualified specialists. The intention of Hollister Incorporated to open a production site in Lithuania may therefore become a serious impetus for the country’s medical equipment production sector,” said Mantas Katinas, Managing Director of the foreign investment promotion agency Invest Lithuania.

“Hollister Incorporated is an independent, employee-owned business that manufactures value-added medical products. Its business model, values and commitment to the people who use the company’s products and services deserve admiration. It is great that the company intends to open a new production site in Kaunas. But the fact that the company will bring its own approach to the wellbeing of employees and serve as a serious impetus to life sciences in Lithuania sounds even better,” said Lithuanian Minister of Economy, Mindaugas Sinkevičius.

Hollister Incorporated also plans to cooperate with the establishment of higher education in Kaunas to continue to help train specialists in mechanical engineering, which are in substantial demand on the labour market.

Headquartered in the US, Hollister Incorporated has manufacturing and distribution centers on three continents and company offices in more than 25 countries. Hollister Incorporated also sells its products in more than 80 countries around the world.

Established in 1921, this independent, employee-owned business is a major global developer, manufacturer and marketer of advanced medical products for ostomy care, continence care, critical care and wound care. In Lithuania, Hollister Incorporated is planning to manufacture its ostomy care and continence care products.