PRESIDENT OF THE REPUBLIC OF LITHUANIA G. NAUSĖDA VISITED TELTONIKA TECHNOLOGY CENTRE
#corporatenews, #moletai, #technologycentre, #teltonikaems
President of the Republic of Lithuania Gitanas Nausėda visited the Teltonika Technology Centre in Molėtai. During the visit, G. Nausėda and his team were given a detailed introduction to the Technology Centre and the devices produced by the Teltonika group of companies.
During his visit to the centre, G. Nausėda and Arvydas Paukštys, founder and president of the Teltonika company group, discussed the regions’ investment environment and the economy as well as Teltonika's planned investment projects.
The Technology Centre in Molėtai opened in autumn 2022. Teltonika has allocated €34 million to the project, making it the largest business investment in the history of Molėtai.
The President emphasised that the Teltonika technology centre in Molėtai is a reference example of investment in the region. "The high-tech company is becoming the lifeblood of the entire Molėtai district, not only creating new jobs for the people of Molėtai, but also attracting highly qualified specialists from all over Lithuania. Teltonika's investment in Molėtai is an example of a fundamental change for the future of the whole region, said G. Nausėda.
The centre currently employs around 150 people, most of them from Molėtai and the surrounding area. A further 350 jobs are planned to be created in the next few years. The Technology Centre started with two SMT lines, and the expansion of equipment is planned for next year.
The building, which covers almost 11,000 square metres, houses robotic testing, assembly, and production lines for electronic devices, as well as an administrative office. Further expansion plans include a product design office and laboratories. Once all the planned equipment is in place, the production capacity will reach around 500,000 IoT devices per month.
Currently, Teltonika produces 4G and 5G routers and electric vehicle chargers in Molėtai and since May this year, a smart multifunctional wristband that detects atrial fibrillation. The products manufactured in Molėtai are exported to more than 160 markets around the world.
While being in Molėtai, President G. Nausėda and the First Lady of Lithuania Diana Nausėdienė also visited the local Church of St Apostles Peter and Paul, for the reconstruction of which the Teltonika company group has contributed €1.7 million.
The President thanked Arvydas Paukštys, the first national patron of Lithuania, for his support in rebuilding the third church in Lithuania. During the reconstruction, the authentic church towers, which were demolished in the World War II, were restored. The roof was also repaired, the windows were replaced, and the façade was renovated.
