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After more than 3 years of operation in Lithuania, Continental plans to increase the production capacity in Kaunas and will soon start a development project where it will invest more than 90 million. Eur.mon plans to create another 500 new jobs by 2025. have 1,500 employees.
The planned development at the Kaunas plant will more than double production capacity. The total investment amount of the Kaunas project will reach 185 million. Eur.Product product portfolio In Kaunas, the property exchange will continue to produce automotive electronics for safety, comfort and autonomous driving functions.
The last 3 years have shown that our employees have been able to make the Kaunas plant a success story. It quickly became a vital part of Continental internationally. I am very hopeful that we can continue the success story and create even more opportunities for residents of the Kaunas region, Kenneth Francis, head of the Connected Car Networking segment of Continental’s global production network, is quoted in the press release .
The positive experience and all kinds of support we receive from the community, our partners and institutions in Lithuania allow us to believe that Kaunas Factory is ready for the development project. We expect our growth to continue smoothly. We see Kaunas as a hub for automotive electronics and with great potential to contribute to the growth of this sector in the region, says Shayanas Ali, CEO of UAB Continental Automotive Lithuania.
The company plans to expand its factory in Kaunas with an additional 15,000 square meters. subway. The production area will increase by 10,000 square meters. m, as well as after 3 thousand square meters. air 2,500 square meters. Office and storage space will be expanded. Construction will take place in two phases: first, additional space will be built on the east side of the plant, and the second phase will expand the part of the plant on the east side. Construction should start in 2021. first quarter
According to Aurins Armonaitis, Minister of Economy and Innovation, Continental’s arrival in Lithuania was one of the factors that helped Lithuania to emerge in the automotive industry. Automotive component manufacturers have the largest number of projects attracting foreign direct investment in Europe, so now Lithuania has many opportunities. This will aim to strengthen the identity of your country as a place of business.
UAB Continental Automotive Lithuania was registered in Lithuania in 2017. at the beginning of October. The Kaunas FEZ factory founder started its activities in the fall of 2019. The factory received the LEED Gold Certificate for the highest award for sustainability of buildings. the company currently employs more than 350 people and the company intends to hire several more per year. Most of the positions will be offered to specialists in the fields of electronic engineering, automation, robotics and others.
2019 Continental had sales of $ 44.5 billion. Eur, currently employs more than 233,000 people in 59 countries. 2021 mon venia 150 met with sukakt.
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