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Construction is scheduled to begin in the first quarter of this year and be completed in the first half of 2022, Merko Statyba reported.
Continental, one of the largest investors in Lithuania, announced in early February that it would invest more than 90 million LTL in the development of the plant in the Kaunas Free Economic Zone (FEZ). EUR and will create another 500 jobs by 2025; their number will reach 1.5 thousand.
After the implementation of the second stage of development, Continental’s investments in Kaunas will reach 185 million. euros.
The area of the Continental plant will increase by 15 thousand. kv. meters – only the production area will increase by 10 thousand. kv. meters, office space and storage – 3 thousand. and 2.5 thousand. kv. meters.
Continental started operations in the Kaunas district at the end of 2019. The plant was built by one of the largest construction companies in Lithuania, Conresta.
Merko Group operates in Latvia and Norway, its consolidated turnover in 2019 was 327 million. euros.
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