Light Conversion

Type
Business expansion
Country
Lithuania
Region
Lietuva; Sostinės regionas; Vilniaus apskritis
Location of affected unit(s)
Vilnius
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
26.7 - Manufacture of optical instruments, magnetic and optical media and photographic equipment
26.7 - Manufacture of optical instruments, magnetic and optical media and photographic equipment
200 jobs
Number of planned job creations
Job creation
Announcement Date
2 June 2022
Employment effect (start)
2 June 2022
Foreseen end date

Description

Light Conversion, one of the largest Lithuanian laser manufacturers, is to create around 200-300 new jobs in Vilnius in the coming years. On 2 June 2022, the company officially opened a new production facility in Vilnius that currently employs 391 employees. The new unit houses laser production facilities, a scientific laboratory, an assembly and inspection laboratory, and other facilities. According to the management, the company is constantly looking for highly skilled engineers and physicists, experts in electronics, optics, mechanics, and other fields.

Light Conversion was founded in Lithuania in 1994. Currently, it is one of the world’s leading manufacturers of femtosecond lasers. The company collaborates with NASA and IBM.

Sources

Citation

Eurofound (2022), Light Conversion, Business expansion in Lithuania, factsheet number 106923, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/106923.