Sorainen is advising German technology company Continental on building a new manufacturing plant in Lithuania. The company will be building an electronic components manufacturing plant in the Kaunas region. Continental plans to invest EUR 95 million over the next five years and to create approx 1000 new jobs. The company plans to complete construction and start production by the middle of 2019.
Comments Dr Hans-Jürgen Braun, head of Continental’s 28 Central Electronic Plants worldwide: “Building the first Continental plant in Lithuania is an important part of our growth strategy in Europe. With this, we are continuing to expand our electronics production and European presence in order to be able to better satisfy our customers’ growing demand for automotive electronics.”
Sorainen is advising the client on all legal matters related to the investment. The Sorainen team consists of partner Kæstutis Adamonis, counsel Mantas Petkevièius and senior associate Agnietë Venckienë, with associates Inga Macijauskaitë, Mantas Kušlysand Gerda Bernotaitë.