Devold, together with two Lithuanian food cooperatives, will become the first investors in the Panevezys industrial park in central Lithuania.
The three companies are said to be planning to invest a total of over 60 million litas (17.4 million euros) and create 470 jobs on three land plots totaling 11.5 hectares, one fourth of the park’s total business area. Devold’s project is apparently the largest and with a reported investment budget of 34 million litas, the knitted goods producer intends to construct a new plant on a 6.5-hectare plot to which it will relocate 260 existing jobs and create a further 100 jobs during the next…
