Stansefabrikken chooses Ukmergė
Ukmergės žinios paper reports that the Lithuanian Business Support Agency LVPA invited Lithuanian media to visit companies that had been carrying out projects co-funded from EU structural funds. Norwegian-owned Stansefabrikken in Ukmergė is part of this tour.
The company now has 180 employees. Its management expects annual turnover in 2012 to reach LTL 50m.
The company produces electrical cabinets, fuse cabinets, house-centrals, shop fitting equipment and post boxes out of sheet metal. Almost all output is exported to Sweden, Norway, Denmark, the UK, Germany, France.
The company's managing director Virginijus Jurkštas introduced media representatives to the manufacturing process. It was news to some of the reporters that Stansefabrikken produces for well-known global brands, including aircraft spare parts.
LVPA's reason to visit the plant was Stansefabrikken's new powder coating line installed with the help of EU support. Of the project's LTL 3.5m total budget, 40 percent was EU aid, the rest was the company's own investment. According to Virginijus Jurkštas, the equipment conforms to both high powder coating and environmental requirements.