One More Industry Giant Chooses Kaunas

2018-02-06 15:15

NKT, a leading global power cable manufacturer, has chosen Kaunas for its shared service centre, with plans to employ at least 30 finance professionals by the end of 2018, Invest Lithuania Reports.

Carl Attard / Pexels photo

According to the representatives of the company, Kaunas talent pool was one of the key elements for making the decision.

“In Kaunas we find the experience, expertise and professional culture needed to build a financial competency cluster meeting our current and future requirements. Access to local talent was a key reason for choosing Kaunas over other European cities,” says Poul Erik Stockfleth, Vice President, Head of Group Finance at NKT.

According to Ilona Antonovičiūtė, Head of the new NKT Service Centre in Kaunas, NKT believes in the specialists in Kaunas and their drive and ability to improve processes and change systems. The first employees have already started their training at NKT.

“Active support, continuous development of relationships with business has been one of the University's priorities for several years. Arrival of globally strong companies to Kaunas is not only an excellent assessment of our work, but also a new goal and opportunity to strive for quality through the development of skilled, internationally-qualified specialists, to exploit the scientific potential of our University”, says Jurgita Šiugždinienė Kaunas University of Technology (KTU) Rector Ad Interim.

NKT is a leading power cable provider connecting the world with a wide portfolio of cables within such areas as construction, energy distribution. The company employs more than 3,400 employees, and in 2016 reported a revenue of €1 billion.

NKT joins the investment surge in Kaunas region in the last years. The forecasted amount of foreign investments reaches 265 million of euros. Continental, Kitron, Hollister, Hella, Hegelmann Transporte, Peikko, AL-KO Vehicle Technology are among the global manufacturers, who decided to start or to expand their businesses here. It is estimated that Continental alone will create around a thousand new jobs.

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