The Ministry of the Economy and Innovation of Lithuania has signed a letter of intent on cooperation with a Ukrainian company in constructing a new generation RDX explosives factory in Lithuania. Construction is expected to begin next year.
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Public broadcaster LRT has reported that Plungės kooperatinė prekyba, a company of Vičiūnai Group, more than ten times transported sanctioned goods from Lithuania to Vičiūnai-Rus factory in Sovetsk, Russia’s Kaliningrad Oblast.
Minister of National Defence Laurynas Kasčiūnas hopes that German armament manufacturer Rheinmetall will open its munitions factory in Lithuania by the end of 2025.
German defence company Rheinmetall has announced plans to build an ammunition factory in Lithuania. Deputy Minister of the Economy and Innovation Karolis Žemaitis revealed that the final decision on the plant should become known in near future.
Kormotech, a family-owned pet food manufacturer from Ukraine, has completed its new factory in Lithuania. The wet pet food plant in Kėdainiai Free Economic Zone (FEZ) will help the company to increase production capacity and reach customers in other countries more efficiently. The investment exceeds...
SBA Group has launched the second stage of the SBA Technology and Innovation Park development process. An automated and robotic factory is about to be built in the cluster developed near Klaipėda, the company informs in a press release.
German car parts giant Continental is launching its electronic components factory near Kaunas this week, more than a year after the construction was launched.
The Lithuanian subsidiary of former Ukrainian President Petro Poroshenko's confectionary giant Roshen slashed down production and laid off two-thirds of its workforce as it continued to operate at a loss last year, the business daily Verslo Zinios reported on Thursday.
Sofa Brands, a UK-owned Lithuanian manufacturer of fabrics and leather components for soft furniture, has abandoned a project to build a new factory in the southern town of Alytus, a local online news site has reported.
