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Friday, 26.04.2024, 14:20
Germany's Hella plans further expansion in Kaunas
BC, Vilnius, 11.11.2020.
Print version
Print versionGerman automotive components manufacturer Hella, which set up its business in Lithuania's second-largest city of Kaunas two years ago, plans further expansion by investing several dozen million euros into the Kaunas production facility by 2025 and create around 250 new jobs, informs LETA/BNS.
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Tobias Pohlschmidt, managing director at Hella Lithuania, says the planned investment is another move to step the production facility's potential, especially taking into account the kay market tendencies in the car industry, for example, autonomous driving.
Hella built its new production facility in Kaunas District for 30 million euros in August, 2018, and currently employs over 180 people.
Hella operates in 35 countries and has some 36,000 employees. Its sales stood at 5.8 billion euros in the 2019-2020 fiscal year.
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