Swedish owned Swedlit AB Baltija situated in Birzai, Northern Lithuania, generates from Volvo more than half of their sales revenues
Published:
15 January 2002 y., Tuesday
Swedish owned Swedlit AB Baltija situated in Birzai, Northern Lithuania, generates from Volvo more than half of their sales revenues, which amount to USD 2 million per year.
For Volvo “Swedlit AB Baltija” produces car locks, window roof and luggage compartment components and is a major employer in Birzai, having created 160 jobs since 1997.
Since 1998 the turnover of “Swedlit AB Baltija” increased 10 times and its production facilities now occupy an area of 4,000 m2.
Swedlit AB Baltija is not the only company cooperating with Volvo. Lietkabelis – a Lithuanian company situated in Panevezys, an industrial centre of Northern Lithuania, produce cable harnesses for Swedish car manufacturers.
Šaltinis:
lda.lt
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
An aviation agreement has been signed today by the European Union and the Vietnamese authorities which will remove nationality restrictions in the bilateral air services agreements between EU Member States and Vietnam.
more »
The European Investment Bank marked the 50th anniversary of the Republic of Cyprus and its 30 years of activity in the country with a public ceremony celebrating the signature of a total of EUR 180 million for urban environment.
more »
In response to the financial crisis, the Commission has put forward legislative proposals to strengthen and expand existing tools for coordinating economic and fiscal policy in the EU.
more »
In the first meeting of the SME Finance Forum, possible means to improve the current situation of access to finance were discussed, such as the introduction of a grace period for firms in difficulties, the involvement of credit mediators and improved loan guarantees.
more »
The EU budget is no simple matter, but then no budget ever is.
more »
Parliament will be crucial in avoiding a “lowest common denominator” approach when helping to design the EU's new economic governance architecture, ECB president Jean-Claude Trichet told the Economic and Monetary Affairs Committee on Monday.
more »
With a multitude of language-related events taking place on or around 26 September, the main themes for this year's European Day of Languages are business and jobs.
more »
The EU disbursed today € 1.15 billion to Romania, the third instalment of a € 5 billion loan, which was agreed in May 2009 as part of a multilateral financial assistance package.
more »
The European Investment Bank has agreed to lend GBP250 million for the replacement, reinforcement and expansion of the gas distribution networks operated by Scotland Gas Networks and Southern Gas Networks.
more »
The bargaining positions of all players in the human food chain must be rebalanced, and fair competition enforced by law, to ensure fair returns to farmers and price transparency to consumers, says Parliament in a resolution voted on Tuesday.
more »