The technology company Continental has recently announced the construction of a new manufacturing plant in Lithuania to expand its automotive electronics production footprint. By choosing the location in the Kaunas region, Continental is increasing the production of electronic components for European markets.
“As a modern industrial region with an excellent infrastructure and highly qualified workforce, Kaunas is the ideal location for us. We are delighted about the fact that we will have a plant in Lithuania for the first time ever,” said Shayan Ali, future Managing Director of Continental in Lithuania, and added: “Thanks to support from the Lithuanian government, we are planning to have completed construction by the middle of 2019 and be able to start production.”
Continental plans to invest €95 million over the next five years and will create around 1.000 new jobs. “Continental is bringing the biggest greenfield investment project in Lithuanian history,” commented Lithuania’s Prime Minister Saulius Skvernelis.
Products of Continental’s Body & Security and Advanced Driver Assistance Systems business units are to be manufactured on a production site of initially 16,000 square meters. This includes door and seat control units, gateways and intelligent glass control units as well as radar sensors for comfort functions such as Adaptive Cruise Control (ACC) and safety functions such as Emergency Brake Assist (EBA).