Sorainen is advising German technology company Continental on building a new electronic components manufacturing plant in the Kaunas region of Lithuania.
According to Sorainen, "Continental plans to invest EUR 95 million over the next five years and to create approximately 1000 new jobs. The company plans to complete construction and start production by the middle of 2019."
Hans-Jurgen Braun, head of Continental’s 28 Central Electronic Plants worldwide, commented that: “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.”
The Sorainen team consists of Partner Kestutis Adamonis, Counsel Mantas Petkevicius, and Senior Associate Agniete Venckiene, with Associates Inga Macijauskaite, Mantas Kuslys, and Gerda Bernotaite.