Lithuania ranked 4th worldwide as a “high growth location” for investment in manufacturing

Lithuania ranked 4th worldwide as a “high growth location” for investment in manufacturing, and home to an expanding number of major International manufacturing and engineering companies such as Schmitz Cargobull, Mars, Peikko, Cowi and Phillip Morris, manufacturing in Lithuania is growing from strength to strength. Lithuania is not only growing in size but also in expertise, especially in their focus fields of Mechanical engineering and Electronics. With a successful track record of servicing the Oil & Gas, Robotics, Aviation and Automotive Industries, and a combination of deep technical expertise, commitment to quality and convenient logistic positioning for access to Scandinavia, the CIS and Western Europe makes Lithuania the perfect location for manufacturing.

For evidence of the pace of manufacturing growth in Lithuania, you need only look to Mechanical Engineering, which has witnessed production increase of 12% per annum since 2009. Added to that, Lithuania is ranked 2nd in the EU for productivity growth in 2010-2014 giving you the perfect location to expand your business. Location is also a key strength, positioned in the heart of Europe and bordering both Central Europe and the CIS, and within quick reach of Scandinavia and Western Europe, Lithuania provides you with the market potential to access approximately 750 million customers. Lithuania’s life sciences industry has skyrocketed over the last two decades and is now regarded as one of the most advanced in Central and Eastern Europe. Since 2010, average annual growth within the biotechnology and pharmaceutical research and production sector has been 14%, and with more than 70% of its output exported, the sector’s reach is truly global.

 

Source: Invest Lithuania