Press about us
Norwegians to invest LTL 35 million in Klaipėda Free Economic Zone
17 June 2014
Norwegian concern Hugaas Gruppen will invest LTL 35 million in Klaipėda Free Economic Zone. The design of a production building in which metal structures will be produced and processed is already underway. The plans are to start operations in 2015. The Norwegians plan to hire 120 qualified metal processing specialists in Klaipėda.
Hugaas Gruppen is currently expanding its activities in Gargždai. The company specialises in the production of complex metal structures and mechanical processing of metal structures. The company manufactures structures and constructs industrial, logistics, agricultural, sports, and renewable energy sites for its Norwegian customers.
“We receive orders from Scandinavia on a regular basis and have therefore decided to invest in our own factory”, said Roar Aarhaug, Chairman of the Board of Hugaas Gruppen. “Klaipėda Free Economic Zone is an excellent option, due to its convenient geographical location, favourable business conditions, and availability of qualified workers in Klaipėda”.
Hugaas Gruppen plans to install advanced production equipment in the new facilities. Recently, the company started working according to ISO 9001.
“This is not the first production company from Scandinavia that has discovered the advantages and service quality of the free economic zone”, said Eimantas Kiudulas, Director of Klaipėda Free Economic Zone Managing Company.
“Klaipėda Free Economic Zone expects to attract several new investment projects in the near future. The projects are implemented by engineering and electronics companies that would like to avail themselves of the Klaipėda seaport, airport, and land logistics opportunities to supply products to EU markets and look for customers in the CIS”, Mr Kiudulas said.
About Hugaas Gruppen
Hugaas Gruppen consists of 17 companies and was established in Norway in 2000. In the beginning, the company was engaged in the production of poultry. In 2004, the activities of the company were expanded: the company started constructing agricultural and industrial buildings for its own needs. Later, Hugaas Gruppen started producing complex steel structures and using them to construct buildings for customers operating in sectors such as production, agriculture, logistics, sports, and renewable energy. Last year, the company’s turnover amounted to LTL 155 million. Hugaas Gruppen supplies its products to customers in Scandinavia.
About Klaipėda Free Economic Zone
Klaipėda Free Economic Zone is one of the first and most efficient free economic zones in the region and occupies an area of 412 hectares. To date, approximately LTL 1.8 billion have been invested in this FEZ and over 1,800 jobs created. The FEZ produces approximately 2.8 per cent of Lithuania’s GDP and approximately 5 per cent of Lithuanian exports. The main types of activities in Klaipėda Free Economic Zone: metal processing; fish and fish product processing; logistics and warehousing services; production of PET packaging and granules, electronic devices, steel structures, architectural glass, food packaging, biodiesel, and renewable energy.
Source: Vakarų ekspresas