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According to the report, the company’s development is taking place in the Kaunas Free Economic Zone. In the first phase, the area of the factory building will be increased to 22,000 square meters. In addition to the new production and office space, it will also include approximately 1,000 square feet of laboratory space. 2021 Other electronic components, such as power management chips, are scheduled to be mass-produced over the summer. By 2025, the company will create up to 250 new jobs.
“Hella”
© Company photo
“Over the past three years, the plant has become an important pillar of Hella’s global production network. The planned investment is another step to further boost the plant’s potential, especially given key market trends in the automotive industry, such as autonomous driving, ”says Tobias Pohlschmidt, CEO of Hella Lithuania.
“It is already becoming a tradition that as soon as they settle in Lithuania and are convinced of the country’s potential, foreign investors decide to expand their activities. Hella, which has valued the potential of our talents in automation, engineering and machine learning, is no exception. This example only confirms that not only the attraction of new investments, but also the development of existing projects is gaining more and more importance in Lithuania’s investment development strategy, ”says Marius Skuodis, Deputy Minister of Economy and Innovation.
Mantas Katinas, CEO of Invest in Lithuania, adds that Hella’s integration into the Lithuanian ecosystem has accelerated the formation of the automotive cluster.
The company in 2018. In August, it started the production of electronic components in Kaunas district. It currently manufactures sensors, actuators and various photoelectronic components, and employs more than 180 people. Taking into account the growing demand, the Lithuanian plant will be constantly expanded in the coming years.
Hella is a publicly traded, international family-owned company with 125 locations in 35 countries. The company is a leading supplier of automotive components with 36,000 employees. workers. In fiscal year 2019/2020, the company’s sales amounted to 5.8 billion. EUR.
The company specializes in innovative lighting systems and vehicle electronics and has been an important partner in the automotive and aftermarket for more than a century. In addition, in its Special Applications segment, the company develops and manufactures electronic and lighting products for specialized vehicles.
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