CONSTRUCTION OF THE PLASTIC AND MECHANICAL COMPONENTS FACTORY UNDERWAY
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Construction of the plastic and mechanical components manufacturing facility has started with the burial of a symbolic time capsule containing a letter to future generations. The Minister of Economy and Innovation, Aušrinė Armonaitė, and the Mayor of Vilnius, Valdas Benkunskas, participated at the event and highlighted the importance of this project for strengthening the Lithuanian economy.
"I can confidently say that Teltonika is one of Lithuania's success stories – it is one of the fastest growing high-tech company groups in Lithuania, recognised both nationally and internationally. The company is already keeping pace with the latest global technologies and making decisions that benefit Lithuania as a whole. I have no doubt that Teltonika's plastic and mechanical components plant will contribute significantly to accelerating Lithuania's economic growth," said Minister Armonaitė.
The factory is being built in the Teltonika High-Tech Hill technology park in Vilnius. The 3-storey plant will have a total floor area of 27,100 square metres, including a warehouse. It will be one of the largest of its kind in Lithuania. The factory will be used for moulding of plastic parts as well as design and production of prototype and mass-produced plastic moulds intended not only for the Teltonika company group but also for other electronics manufacturing companies.
"The new plant will enable us to automate the production of plastic and mechanical components, which are an important part of the entire supply chain. We will be able to design and produce moulds ourselves. This will help to ensure even better product quality and reduce the launch time of new products by half. We also intend to enter new areas of business, as we will be able to combine and mould components from different materials such as rubber, plastic, metal, etc.," says Arvydas Paukštys, president of the Teltonika company group.
He states that when the semiconductor chip plants in the Teltonika High-Tech Hill park become operational in a few years, the factories that are currently under construction will be an important part of the overall production process. They will enable us to implement complex orders, including from the defence industry.
Construction of the new plant is expected to be completed in autumn 2025. Teltonika will invest around €53 million in this project and will create 300 jobs. The designers, 2L Architects, have paid great attention to the aesthetic appearance of the building and the surrounding greenery. The main entrance to the factory will be accentuated by a large spruce tree. To preserve it, the architects ‘cut out’ a corner of the building.
As in all Teltonika plants, a high level of automation will be ensured, meeting all the necessary environmental requirements. Most of the plastic waste will be recycled and returned to the production process. The electricity needed for the plant will be supplied from renewable energy sources.
The new facility will be located at Svylos st. 6 in the Liepkalnis area, Vilnius. More than 10 new industrial and administrative buildings will emerge on the 55-hectare Teltonika High-Tech Hill technology park territory in Liepkalnis over five years, expecting to employ around 6,000 people. Last year, we started building two new plants: a 33,000 m2 printed circuit board (PCB) factory and a new electronics assembly plant with a production capacity of more than 18 million products yearly. Both plants will be operational by mid-2025. The total investment in the Teltonika High-Tech Hill park will be several billion euros.
