Good for Business, Investments, Lithuania, Markets and Companies, Medicine

International Internet Magazine. Baltic States news & analytics Thursday, 18.10.2018, 02:02

Intersurgical may invest EUR 10 mln in new plant in Lithuania

BC, Vilnius, 25.05.2018.Print version
Intersurgical, an international medical device manufacturer that owns a disposable respiratory care product factory in Prabrade, not far from Vilnius, plans to invest around 10 million euros in a new production facility in Visaginas, an eastern Lithuanian town where the shutdown Ignalina nuclear power plant is located, informs LETA/BNS.

Intersurgical CEO Sigitas Zvirblis this week presented these plans to Visaginas' local authority, but he would not elaborate. 


"I don't want to comment until a decision has been made. It was a presentation of the project so that we could get the project moving. This specifically concerns the allocation of a land plot," he said.


Zvirblis said that the company plans to invest about 10 million euros in the project, adding that it may borrow a part of the money. 


The Lithuanian company, which is 100 percent owned by Liechtenstein-registered Intersurgical, has a subsidiary company in Russia and a representative office in Poland.






Search site