LTP Texdan

Type
Business expansion
Country
Lithuania
Region
Lietuva; Vidurio ir vakarų Lietuvos regionas ; Kauno apskritis
Location of affected unit(s)
Kedainiai
Sector
Manufacturing
(31) Manufacture of furniture
31.0 - Manufacture of furniture
31.0 - Manufacture of furniture
100 jobs
Number of planned job creations
Job creation
Announcement Date
25 January 2019
Employment effect (start)
25 January 2019
Foreseen end date
25 January 2021

Description

Danish capital furniture manufacturer LTP Texdan is to create 100 new jobs in Kedainiai by the beginning of 2021. The company has just expanded its storage and production facility and intends to hire around 100 new employees in the coming 2-3 years. According to the management, the company's production volume is growing by 10-15 percent every year. Currently the company employs 584 employees. LTP Texdan belongs to the Danish capital group LTP.

Citation

Eurofound (2019), LTP Texdan, Business expansion in Lithuania, factsheet number 96576, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/96576.