LITHUANIA> German based Continental is set to construct a manufacturing plant in Lithuania investing €95 million ($112 million)

Continental logo

To expand its automotive electronics production footprint, automotive technology company Continental is set to construct a new manufacturing plant in Lithuania. Specially to increase the production of electronic components for European markets, the company has chosen the Kaunas region and is scheduled to open in the middle of 2018. The €95 million ($112 million) investment is scheduled for the next five years and the project is set to create 1000 new jobs.

According to Dr. Hans-Jürgen Braun, head of 28 Central Electronic Plants worldwide at Continental:

“Building the first Continental plant in Lithuania is an important part of our growth strategy in Europe. With this, we are continuing to expand our electronics production and European presence in order to be able to better satisfy our customers’ growing demand for automotive electronics.”

Regarding the investment, Shayan Ali, future Managing Director of Continental Lithuania said the following:

“As a modern industrial region with an excellent infrastructure and highly qualified workforce, Kaunas is the ideal location for us. We are delighted about the fact that we will have a plant in Lithuania for the first time ever.”

The manufacturing production site is to be 16000 square meters and products of Continental’s Body and Security and Advanced Driver Assistance Systems business units are to be manufactured in this site. It also includes gateways and intelligent glass control units, door and seat control units as well as radar sensors for comfort funtions such as Adaptive Cruise Control(ACC) and Emergency Brake Assist(EBA)

About Continental AG

Founded in 1871, Continental AG is an automotive supplier that works in segments including Chassis and Safety, Powertrain, Interior, Tires , ContiTech and other/ consolidation. It  offers safe, efficient, intelligent and affordable solutions for vehicles, machines, traffic and transport. In 2016 Continental generated sales of €40.5 billion ($47.8 billion) and it employs more than 227000 employees globally.

Reference: