EU – Baltic States, Good for Business, Industry, Investments, Lithuania
International Internet Magazine. Baltic States news & analytics
Saturday, 23.11.2024, 06:22
Albritght International investing EUR 3 mln in Klaipeda plant
"Over the financial year, which expired at the end of September, we
manufactured more than 1.3 million switches – this is the maximum level we can
produce, while operating in the current premises in one shift. Seeing that we
are nearing the production peak, we have been considering various expansion
scenarios over the past few years. We even considered multiple shifts, however,
dropped the idea. This year, the main corporation decided to expand the
plant," Ramunas Barcevicius,
CEO at Albright Lietuva, told the
daily.
The new 1,800-square-meter building will be launched next to Albright Lietuva's current factory of
2,200 square meters in late 2018. In Barcevicius' words, larger production
facilities should raise the annual output by a third to 1.7 million switches.