International electronics company Kitron expands in Lithuania
(Thomson Reuters ONE) -
(2015-05-27) Kitron, the leading Scandinavian electronics manufacturing services
company, officially opened its new production facilities and engineering
services centre in Kaunas on Wednesday. This is a major manufacturing base for
Kitron and underscores the strategic importance of the Lithuania division.
"Kitron emphasizes high-value segments of industries with requirements that go
beyond competitive price - segments where specialist competencies are needed,
where margins of error are extremely low and where the ability to meet complex
and changing customer needs is valued. The service part of this business, and
especially advanced test development services, is growing. To advance this
strategy, our people in Kaunas and the expansion of our facility here play an
absolutely vital part," Peter Nilsson, CEO of Kitron, said.
An investment of EUR 7 million in the newly built 5,000 square metre facility
allows the company to expand its existing manufacturing area to 13,000 square
metres and to create an additional 60 jobs. From now on the company will not
only manufacture in Lithuania, but will also develop new products, with a
special focus on engineering services. Engineers will provide prototyping,
product design supervision, component engineering, and project management
services.
"In order to continue growing, it is strategically important to us to develop
engineering services and to expand our capacity. We will focus particularly on
staff competences and training, as highly qualified professionals actively
involved in the development of new products is our greatest strength. Our
customers are global companies investing millions in new technologies. If you
want to work with the best, you must be the best," Mindaugas ?e?tokas, Managing
Director of UAB Kitron, said.
The company, which employs 430 professionals in Lithuania, is one of the largest
and most advanced electronics product manufacturers in Eastern Europe. Of the
company's electronics prototypes and mass-produced products, 95 per cent are
exported to medical, industrial, alternative energy, maritime industry, and data
transmission equipment companies. The company's clients include global
corporations such as Volvo, Saab, Bombardier, Husqvarna, Emerson and many
others.
For further information please contact:
Peter Nilsson, CEO of Kitron ASA, tel. +47 94 84 08 50 or e-mail
peter.nilsson(at)kitron.com
Mindaugas ?e?tokas, Managing Director of UAB Kitron, tel. +370 685 25557 or e-
mail mindaugas.sestokas(at)kitron.com
Kitron in brief
Kitron is one of Scandinavia's leading electronics manufacturing services
companies for the Defence/Aerospace, Energy/Telecoms, Industry, Medical
equipment and Offshore/Marine sectors. The company is located in Norway, Sweden,
Lithuania, Germany, China and the United States. Kitron had revenues of about
NOK 1.75 billion in 2014 and has about 1 200 employees. www.kitron.com
The Kitron division in Lithuania has been operating since 2001. The company's
plants in Kaunas and in U?lied?iai currently employ 430 staff. In 2014, UAB
Kitron's revenue grew by nearly 20 per cent and it had an annual turnover of EUR
51 million.
This announcement is distributed by GlobeNewswire on behalf of
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Kitron ASA via GlobeNewswire
[HUG#1924094]
Unternehmensinformation / Kurzprofil:
Datum: 27.05.2015 - 13:00 Uhr
Sprache: Deutsch
News-ID 396136
Anzahl Zeichen: 4022
contact information:
Town:
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Kategorie:
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"International electronics company Kitron expands in Lithuania"
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