Lithuania ranks as the second most attractive location for manufacturers in the recently updated Manufacturing Risk Index 2018 report published by Cushman & Wakefield. It is the only European country featured in the Top 5, with other countries being China (1), Malaysia (3), Taiwan (4) and Canada (5).
German giant HELLA announced about the construction of its plant at the Kaunas Free Economic Zone just 10 months ago. Now, it can already celebrate its first shipment and the team of almost seventy employees which managed to implement the most optimistic start-up plan for HELLA Lithuania in record time.
Executives at the German automotive giant Continental admit that when they were choosing a location for investments, they did not have sufficient knowledge about Lithuania or its specifics. They say: “We did not choose Lithuania; it chose us”. Simultaneously, they emphasise that having attracted one segment of the Continental Group of companies, Lithuania has the possibility to attract others as well.