Type
Business expansion
Country
Lithuania
Region
Location of affected unit(s)
Sector
Manufacturing
Manufacture For Transport Equipment
Manufacture Of Motor Vehicles, Trailers And Semi-Trailers
29.3 - Manufacture of parts and accessories for motor vehicles

1,500 jobs
Number of planned job creations
Job creation
Announcement Date
16 April 2005
Employment effect (start)
Foreseen end date

Description

Continental, the largest German manufacturer of vehicle tyres intends to build a plant in Lithuania. The final decision about the exact location of the plant will be made in the middle of May 2005. The plant is planned to produce about 10 million tyres for cars per year and employ 1,500 people.


Sources

  • 16 April 2005: Lietuvos Rytas

Citation

Eurofound (2005), Continental, Business expansion in Lithuania, factsheet number 61439, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61439.