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Lithuania's Stevila sets up two companies in Kiev
BC, Vilnius, 24.07.2019.
Print version
Print versionLithuania's metal processing company Stevila, based in the southern city of Marijampole, has established a part production company Irkatek and a sales company, named Alivets, in Kiev, according the Verslo Zinios business daily writes LETA.
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The Lithuanian company hopes to find highly-qualified specialists in the country with almost 45 mln people, and is attracted by Ukraine's strong defense industry.
Stevila's revenue jumped 20% last year to reach 10.7 mln euros, and its net profits rose 63% to 1.3 mln euros.
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