Expecting new investors

Klaipeda Free Economic Zone (FEZ) expects to attract at least six new investors this year with investments around EUR 116 million. In the first three months of the year, Klaipėda FEZ has already signed contracts with two investors: Vakaru Nafta (Western Oil), which plans to invest EUR 4.3 million into a factory for the production of disposable dishes and packaging materials, and Baltic Real Estate Development Company, planning a EUR 2.9 million invesment into a business center. FEZ has reached an agreement on business conditions with Thai company Indorama (planned investment EUR 81 million) and a Protocol of Intent with Polyplex company from India. Klaipeda FEZ covers 205 hectares. SY Wiring Technologies, a subsidiary of the German-Japanese Siemens-Yazaki concern, and a Danish capital fish processing plant Espersen Lietuva are already operating in the FEZ.