The German company will invest LTL 150 million in a new plant in Vilnius district. euros

The company currently produces medium and high density compressed wood fiber boards in its existing plants in Germany and Poland. The company is a world leader in the production of high-density panel components, with a total of about 1.5 thousand employees. workers.

According to the Ministry of Economy and Innovation, the new company in Lithuania will produce components for furniture, door and parquet industry companies both in Lithuania and abroad. The production process will include the process from the acceptance of raw wood, processing, panel production and its complete processing by painting, laminating and cutting into components for furniture, door, floor manufacturers. The plant plans to create an entire value-added chain: from the processing of raw wood to the processing of the entire board and the distribution of the finished products.


„Homanit“ Pagiriuose

© Company photo

The Homanit project in Pagiriai is the first in Lithuania to receive the status of a large investment project, according to a report of the Ministry of Economy and Innovation. This, one of the largest greenfield investments in Lithuania, will give a strong impetus to the entire furniture industry in the country. Lithuania is already one of the centers of furniture production, after the arrival of Homanit, the leadership of this sector will become even more pronounced. This is one of those projects that brings obvious benefits to all parties: Vilnius district, the country’s furniture industry, and the state budget, ”says Andrius Ostrauskas, CEO of Homanit Lietuva.

It is planned that the capacity of the new plant will reach about 260 thousand. cubic meter panels per year, which would be about 25 percent. all products of the Homanit Group. Market analysts predict that the furniture manufacturing sector will continue to grow, which will allow to increase investment in production volumes.

See also  Ginkgo planted in Vilnius in memory of Wuhan doctor warning of Covid-19 outbreak - Health


„Homanit“ Pagiriuose

„Homanit“ Pagiriuose

© Company photo

The Green Corridor envisages that businesses investing at least 20 million EUR 30 million (in Vilnius – EUR 30 million) in long-term capital and the commitment to create at least 150 new jobs (in Vilnius – at least 200 new jobs) is granted the status of a large investment project, which allows to settle much easier and faster. Such projects are subject to a 0% rate for a period of up to 20 years. income tax rate

No part of this publication may be reproduced without the written permission of ELTA.

Leave a Comment