Juodeliai

Type
Business expansion
Country
Lithuania
Region
Lietuva; Vidurio ir vakarų Lietuvos regionas ; Marijampolės apskritis
Location of affected unit(s)
Marijampole
Sector
Manufacturing
(16 - 17) Manufacture of wood and paper materials
16.2 - Manufacture of products of wood, cork, straw and plaiting materials
16.24 - Manufacture of wooden containers
100 jobs
Number of planned job creations
Job creation
Announcement Date
12 January 2021
Employment effect (start)
Foreseen end date

Description

Lithuanian wood processing company Juodeliai announced that its new production facility in Marijampole has started operating and that it will employ 100 new staff. The plan to build the new factory was announced in March 2019. 

The new packaging elements factory in Marijamople is expected to double the company's production volume by processing up to 1 million m3 of round wood and manufacturing over 500,000 m3 of products. The investments in the new manufacturing site accounted for around €50 million.

Juodeliai is a wood processing company specialised in the production of high-quality wooden pallets. Currently, the company owns three modern factories which employ 536 people.

Sources

Citation

Eurofound (2021), Juodeliai, Business expansion in Lithuania, factsheet number 103023, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/103023.