Questions? +1 (202) 335-3939 Login
Trusted News Since 1995
A service for energy industry professionals · Friday, April 19, 2024 · 704,982,521 Articles · 3+ Million Readers

Norwegian sheet metal manufacturer Stansefabrikken to expand in Lithuania

Today, Stansefabrikken’s facility occupies more than 15,000 m² in Ukmergė Industrial Park. The plant produces a range of metal products and components, including electrical distribution boxes, electric heating and cooling equipment, and even parts for Boeing engines. Other Stansefabrikken clients include ABB, Bang & Olufsen, NSK and Be-Ge.

Being the company’s main production platform, the Ukmergė facility supplies products not only to Stansefabrikken’s sister companies but also to the majority of customers of the Stansefabrikken group. According to 2021 data, Stansefabrikken generated 57.6% of the total income of the Stansefabrikken group, and more than half of the total profit.

The company’s new expansion project is set to raise Stansefabrikken’s total investment in Lithuania to 42 million EUR. Over the next two years, 5000 m2 of production space will be added to the Ukmergė facility and 7 million EUR invested in modern production equipment.

Moreover, Stansefabrikken expects to significantly expand its team, hiring 20 specialists over the next 12 months and another 30 until 2025. For vacancies for employees with higher professional qualifications, the company will be looking for electromechanics, CNC equipment programmers, robot welding programmers, mechanical engineers, electrical engineers, and other professionals.

“Our ambition to move forward is based on long term partnerships, a green focus and sustainable solutions regarding both our employees and services,” says Mr. Westby.

Over the nearly two decades of Lithuanian operations, Stansefabrikken has established a number of partnerships with educational institutions. For instance, the company is closely cooperating with Ukmergė Technology and Business School, providing students with opportunities to work in a real manufacturing environment. Stansefabrikken also hosts open days for Ukmergė’s secondary schools that aim to encourage schoolchildren to become engineers, and participates in the Erasmus+ program by training EU students in manufacturing processes engineering.

“Stansefabrikken’s expansion plans are a great endorsement to Lithuania’s manufacturing sector,” says Elijus Čivilis, General Manager at Invest Lithuania.

“I believe that the strong skills base of Lithuanian talent, founded on the country’s long-standing manufacturing traditions and seamlessly combined with Stansefabrikken’s expertise, will remain the key to providing the company’s clients with top-quality products.”

Powered by EIN Presswire


EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.

Submit your press release