The Lithuanian automotive industry is in the germination stage. Foreign ventures operating in the country already play important roles in the global value chain, producing and supplying parts to some of the largest global automotive manufacturers. Industry giants Hella and Continental have recently begun construction of new production facilities in Lithuania. And those already established in Lithuania are going from strength to strength. For example, CIE LT Forge, based in Marijampolė, produces crankshafts for Volkswagen and Audi, and the isothermic bodies, trailers and semi-trailers made by Schmitz Cargobull in Panevėžys are exported to Scandinavian and Western European markets.
Aircraft maintenance and repairs
Lithuania has the largest aircraft maintenance and repair sector in the Baltics. The industry currently employs 1.200 specialists, with existing players constantly expanding their operations. For example, Ryanair launched KAMS, an aircraft maintenance, repair and overhaul facility, in 2012. Since then it has grown its team to more than 170 specialists and is set to add more staff and broaden the range of functions it performs in the near future. In fact, a number of companies in the Lithuanian aircraft maintenance sector are looking to diversify the services offered by their Lithuanian teams.
Electronics components manufacturing
Lithuania has a strong tradition in the electronics industry. And now these skills are being applied in the manufacturing of cutting-edge products by foreign investors establishing units in the country. For instance, electronic components made at Littelfuse are used in the production of a wide range of cars, while the electronics for self-propelled mowers made by Kitron will be integrated into Husqvarna’s latest products.
Over the last two decades, Lithuania’s life sciences industry has grown rapidly. In fact, it is currently the fastest growing in Europe, and the sector has built a reputation as one of the most advanced in the region. It is also internationally focused, with 70% of total life sciences production exported. Lithuania’s biotech sector is led by both global giants, such as Thermo Fisher Scientific and TEVA, and pioneering local companies like Biotechpharma. Through their work in these companies, Lithuania’s biotechnology talent is ensuring the sector develops a truly global scope and reach.