"The new factory in Lithuania will bring us the needed capacity increase on long-term. Peikko already has a well-functioning production unit in Kaunas, so building the new factory there was an easy decision. Lithuania is logistically ideally located to effectively serve our current main markets – the areas around the Baltic Sea," says Topi Paananen, CEO of Peikko Group Corporation.
The new factory should occupy an area of 6,000 sq. meters, with the new capacities enable production of 250 reinforced concrete beams per week. The company said the new plant in Kaunas will boost the production capacities of Peikko in Europe by 30%.
The factory should be launched in the 3rd quarter of 2017.
