«Three more companies are investing over 189.6 million euros in new projects that will help strengthen the regions.
We have now signed agreements for 14 major investment projects that will create 3951 jobs and attract 1.25 billion euros,» said the Minister of Economy.
According to the Ministry, JPackaging plans to build a factory in Radviliskis district. Pallets and their frames will be used there. They will invest 20 million euros in the project and create 150 new jobs.
JPresswood will carry out its project in Marijampolė — a plant will be built and equipment will be purchased to efficiently use raw materials and achieve zero waste production goals. Pressed blocks and insulation wool made from wood fiber will be produced at the plant. It is planned to invest 110 million euros and create 150 jobs.
The Vengast Investment Limited project, worth 59.6 million euros, will be implemented in the Kėdainiai FEZ. The company intends to build a new plant where animal feed will be produced. Equipment will also be purchased. 201 new jobs will be created.