Global Investors Choose Kaunas for Its Talent Pool

2018-01-04 17:30

“The most important thing for us is to reach people, because it is people that create companies. We are sure that in Kaunas, with the assistance of Kaunas University of Technology, we will be able to find the people we need”, said Gerold Lucas, Member of the Board of the HELLA Group in the interview published by Invest Lithuania and Verslo Žinios.

German company Hella, one of the largest car component manufacturers in the world, has chosen Lithuania for its new production facility. The construction of the new factory in Kaunas Free Economic Zone has already started. It is being estimated that it will have annual production worth of €250 million. If this module proves to be successful, the factory will be supplemented with 4 more modules.

“We have annual growth of 8%, and for this reason we need new capacity. In early 2016 we started looking for a place for our new plant. We had collected information about 21 different locations in Europe, then narrowed our search down to 13 countries. At the end, Lithuania matched all our priorities”, said Mr Lucas.

He revealed that the profit-making growth required the continuous improvement of manufacturing processes and increasing the degree of automation. For this, according to Mr Lucas, the company will look for skilled and motivated engineers – to install semi- or fully automated manufacturing lines.

Lithuania, being a member of the EU, NATO and the Eurozone impressed the German car industry giant by business-friendly attitude, efficiency and friendliness of people.

The company is now planning annual investments of €15-20 million and this process (subject to circumstances and results) might take from 3 to 6 years.

Hella is one of many global manufacturers, including Continental, Kitron, Hollister, Hella, Hegelmann Transporte and Peikko, who have decided to start or expand their businesses in Kaunas region last year. It is being estimated that international investments in Kaunas region will amount to 265 million euros in the near future. According to global investors, the universities in the region, which prepare highly qualified professionals, were often one of the reasons for choosing Kaunas.

Related news

2015-09-11 14:15
If You need an answer to the question „Why focus on Career?“ there is one given below. Katie Jarvis in her presentation will share some simple tactics and techniques that can help to focus and build Your career. Traditionally ‘Career development’ meant upward promotion. However, organisations are flatter and leaner...
2018-03-20 16:45
In the beginning of March Kaunas University of Technology (KTU) hosted the Steering Committee for Innovation in Teaching and Learning of European Consortium of Innovative Universities (ECIU) for the first time. “No institution or research centre can have all the necessary knowledge. Therefore, participation in...
2018-03-20 14:45
Kaunas University of Technology (KTU) graduates will have one more exciting place for pursuing their career – Lockwood Publishing, a British game developer founded in 2009, has announced it is branching out to Lithuania. The first company’s office outside the UK will be in Vilnius, Invest Lithuania reports. The...
2018-03-20 12:00
On 26 April the traditional science and innovation fair Technorama will take place for the 17th time. Organised by Kaunas University of Technology (KTU) startup incubator Startup Space, the fair is a perfect chance for young innovators, developers, researchers and science enthusiasts to introduce their ground-breaking...
2018-03-16 10:45
Lithuanians are friendly, open to people from other countries and cultures and willing to integrate them into their circles, thinks Estonian Stewen Naano, mechatronics master’s student at Kaunas University of Technology (KTU). In his second semester of studies Stewen is already a president of a student club, busy...
2018-03-13 10:30
Kaunas University of Technology (KTU) students have recently acquired the possibility to undertake internships in Volfas Engelman, the oldest in Lithuania production company. The partnership agreement with Volfas Engelman, which was signed in the end of the last month, will provide KTU food technology students with...
2018-03-12 16:15
Commemorating the Re-Establishment of Lithuanian State (March 11, 1990) Kaunas University of Technology (KTU) is inviting Kaunas residents and city guests to a free concert in a historical Chamber of Kaunas Military Crew. Two KTU art societies – academic choir Jaunystė and brass group The BrassBees – have compiled...
2018-03-12 15:00
Until the end of March applications for internship in NASA Ames Research Centre (US) are open. Science, technology, engineering or mathematics (STEM) undergraduate or master’s students (not in their final year) are invited to apply, via the contacts listed next to their country of citizenship. Last year 4 Kaunas...