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...
2018-01-16 11:30
ViLim Ball technology created at a Lithuanian startup company Fidens helps to reduce uncontrollable shaking of hands, which is one of the symptoms of essential tremor. The technology is effective in 7 out of 10 cases, and it can also be used to alleviate morning stiffness of joints for rheumatoid arthritis sufferers....
2018-01-15 15:15
Apply now for studying at Kaunas University of Technology (KTU) in the academic year 2018/2019. Quality education is a continuous journey of learning and development, full of new knowledge, discoveries, opportunities and ideas. If your goal is international studies, interdisciplinary competences and...
2018-01-12 12:45
Our Kaunastic friends are writing about the greatest attraction at Kaunas University of Technology (KTU) campus – the Mona Lisa mural. If you haven’t had a chance to look at it properly, the sunny approaching weekend might provide a perfect chance. Mind you, it is going to be cold, so dress properly for the weather....
2018-01-09 14:45
Students’ team from Kaunas University of Technology (KTU) is working on a development of dissolving contact eye lenses, which can be of great assistance for those suffering from glaucoma. According to statistics, glaucoma is the most common cause of preventable, irreversible blindness – it is responsible for 12.3% of...
2018-01-09 11:15
The first step into establishing of the double degree public administration study programme between Kaunas University of Technology (KTU) and the University of Central Florida (UCF) is already taken: the European Commission has granted funding for exchange between KTU and UFC scholars under Erasmus+ exchange programme...
2018-01-08 16:30
“I can choose any country for living, but I haven’t made my final decision yet. I think that everyone of us, working towards their future abroad, would like to live at home if they had the same conditions”, says Edgaras Šmigelskis, Kaunas University of Technology (KTU) alumni. At the moment young engineer is working...
2018-01-05 16:15
Several new exhibitions, Three Kings celebration and other cultural events are on the menu for this weekend in Kaunas, Kaunas Full of Culture informs. Although it is possible that the weather in the weekend will be suitable for the short walk outside, exhibitions are always good escape from the inevitable rain spells...