Good for Business, Lithuania, Markets and Companies, Medicine, Real Estate, USA

Photo: kaunas.lt

The US-based company on Wednesday held a groundbreaking ceremony to mark the start of construction on the 50-million-euro facility in the Kaunas Free Economic Zone (FEZ) close to Lithuania's second-biggest city of Kaunas.

Hollister President and CEO George Maliekel says that the new plant will initially employ 30 to 40 people, which is set to rise to 300 at a later stage. The facility will initially manufacture ostomy-care products with plans to expand production to include continence-care products, mostly catheters. 

"We are planning to start producing catheters here in 2021. We expect the plant currently under construction to be fully operational in 2025. We expect further expansion at a later stage: our leased space in the Kaunas FEZ will allow us to double the area of buildings," he told the paper.