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International Internet Magazine. Baltic States news & analytics Tuesday, 16.07.2019, 17:50

Germany's Visiotex coming to Kaunas

BC, Vilnius, 22.09.2017.Print version
Germany's technical textiles company Visiotex, which is known for its innovations, is readying to invest in Lithuania's second-largest city Kaunas, Verslo Zinios business daily said, cites LETA/BNS.

The investment has not yet been discussed by the German-Baltic Chamber of Commerce or Invest Lithuania governmental investment promotion agency, however, the company's CEO Friedrich Roell confirmed to the daily the plans of making technical textiles in Lithuania.


"For now, it is only clear that we plan to open a factory and that it will be in Kaunas. We are preparing for a meeting of the company's advisory council, which will decide on the size of the investments, therefore, I cannot give any numbers yet," said Roell.


According to Verslo Zinios, Swedish-capital company ROL Group, which owns Statga company in Lithuania, intends to build a new factory in Siauliai and invest 11.9 million euros. The smart factory should have staff of 10 highly-qualified specialists, in addition to 415 people currently employed by Statga.

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