The new production facilities, covering an area of 5,600 sq. m., will become home to one of our companies.
This project is part of the clear and long-term growth and expansion strategy followed by the Stansefabrikken Group. Our group, which manages in total 9 companies in Lithuania, Norway, Sweden and Germany, has signed a construction contract with the general contractor CONRES. The investment in Lithuania will complement the existing 25,000 sq. m. Ukmerge Industrial Park and will amount more than 10 million euros, contributing to the ongoing investment plan.
We plan to complete the construction of the BREEAM 'Very Good' standard building by the end of 2024.