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Thursday, 12.12.2024, 05:27
YIT to develop REHAU’s production facility at Klaipeda FEZ
With this step REHAU is expanding its presence in the Baltic States.
“REHAU was considering a number of locations for its new facility across
the CEE region before settling on Klaipeda. Klaipeda FEZ is an attractive
location and the strong pool of qualified talent and their professional
attitude and work ethic was a major factor in REHAU’s decision, as was the
strong cost to quality ratio. In key fields, Lithuania remains highly cost
competitive for manufacturers, yet it also boasts some of the most streamlined
and business-friendly conditions in the EU,” says Dr. Roger Schönborn, Head of
Division Building Solutions.
So early this year, REHAU and Klaipeda FEZ announced an intention to
develop a production facility that opened doors to international tender to
select an experienced company that would finance, build and rent the production
unit to the German polymer company. Such setup was agreed and chosen by REHAU
and the FEZ management company to both minimize risks and speed up the launch
processes.
Now, after having received more than 10 offers from and beyond Lithuania,
both companies selected YIT, a Finnish real estate developer with a strong
presence in Lithuania, as the investor in REHAU’s project. Consequently, YIT
will both finance and use its Lithuanian construction arm to build the facility
that will be rented by REHAU following a contract signed this week. Also, as
the Klaipeda FEZ management company has been working on various construction
preparation processes over the course of the year, the actual construction will
start in a matter of several weeks.
Eimantas Kiudulas, the CEO of Klaipeda FEZ, says that this unique
cooperation model has already proven of major value to all parties involved.
"We have always celebrated the speed of launch as our major
differentiator. REHAU chose us quoting our promise to deliver on tight
deadlines among core reasons and we are happy that our novel and flexible
approach helps us achieve the desired results. We started to develop the
technical project on our own once we announced this initiative, thus shaving
off several previous quarters from the due date. We also admire that the trust
in REHAU's brand, coupled with our own solid presence in Lithuania, resulted in
major international interest in the tender in spite of the Covid
restrictions," E. Kiudulas said.
Even though REHAU will eventually be a YIT’s tenant, the company will
still benefit from the official FEZ investor status, as well as from the
unparalleled infrastructure, location and ecosystem at the Klaipeda free zone.
“The arrival of an international investor such as REHAU not only proves
the growth potential of the Klaipėda region, but is also an evaluation of the
local specialists. YIT Lietuva applies the Build-to-Suit model for the
implementation of this project: the client is given the opportunity to rent
premises that are specially designed, built and adapted to his individual
needs. In this way, the client avoids the adaptation of standard premises and
the related additional costs. This model of real estate project development is
becoming more and more popular, especially among the companies engaged in the
specific activities for which standardised premises are not suitable. In these cases, Build-to-Suit projects are
the only rational solution. We appreciate the trust and the opportunity to
implement a modern project that meets the requirements of REHAU,” says Kęstutis
Vanagas, YIT Lietuva CEO.
The new production unit in Klaipeda will be part of REHAU’s Building
Solutions division, which manufactures a range of polymer products including
piping, fittings and polymer solutions for telecommunications. The output from
REHAU’s Klaipeda unit will mainly be going to wholesalers, telecommunications
companies, and municipalities in countries across Europe. REHAU will be looking
for a wide range of specialists for its Klaipeda operations, including
managers, engineers and technicians, mechanics and electricians, administrative
staff, machine operatives and warehouse staff.
The REHAU Group is a polymer specialist with annual sales of around EUR 3.5 billion. The independent, privately held company has approximately 20,000 employees at more than 170 locations worldwide. The company employs 12,000 throughout Europe and 8,000 in Germany. For more than 70 years, REHAU has been working on making polymer products lighter, more comfortable, safer and more efficient. The company manufactures solutions for construction, automotive and industry and supplies its innovative products throughout the world.
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