Velvyslanectví České republiky ve Vilniusu

Perspektivní sektory

Information and Communication Technology

Lithuania has the largest ICT industry in the Baltic States with an outstanding potential both for local as well as foreign expanding businesses.

13 out of the 20 largest IT companies in the Baltic States are based in Lithuania. The Lithuanian GetJar, being the world’s first multi-platform mobile application download provider from 2005 and now the world’s second largest mobile application store with over 1 billion downloads to date (more than Nokia, Microsoft, Samsung, LG and less than only Apple), as well as the winner of the prestigious Mobile Excellence Award for Best Mobile Service, has been recently awarded by World Economic Forum as one of the 4 world’s most innovative Technology Pioneer 2011 companies to have a great impact on business, economics and society worldwide. Ilja Laurs,founder and CEO of GetJar, was listed one of the 40 most influential leaders in the world’s mobile communication industry in 2009 by Informa Telecoms & Media. Also, Pixelmator, currently ranks as the fourth best-selling mobile application creator on the Mac App Store, trailing only Apple’s own applications.

There are more than 20,000 IT professionals employed on the market with an additional generation of around 4500 studying IT curriculums in 15 higher education institutions across the country.

Lithuania has world’s 2nd speediest upload Internet, Europe‘s No. 1 fiber broadband penetration (23 %), EU’s greatest mobile penetration of 147%, and is world’s No. 1 in the number of mobile telephone subscribers per 100 population - 3.4 million of Lithuanians use almost 5 million active SIM cards as well as global leader in mobile e-signature.

It is expected that by 2015 products of IT, laser technologies, biotechnologies, nanotechnologies and materials science will constitute 25 % of Lithuania‘s GDP and 80 % of national export.

Success stories: IBM, Lintel,TeliaSonera, Microsoft, Alna, Interlogistics


IBM - Multinational computer, IT and technology corporation IBM is to set up a joint research centre in Lithuania with the Lithuanian Government. The agreement was signed for 5 years period. Centre’s operation will conduct research in nanotechnology, life sciences, healthcare innovation, and intellectual property for innovative management. Lithuania and IBM will share equal rights to the intellectual property and R&D commercialization, such as patents, IP licenses, products and prototypes that result from the research centre's activities. It will also involve scientists from Lithuanian universities and institutions who are focused on developing innovations that will contribute to the development of a knowledge-based society in Lithuania, enabling the Lithuanian centre to become a focal point for healthcare, life sciences and nanotechnology in the Baltic region.


Biotechnology 

The Lithuanian biotechnology industry has been developing since the 1990s and is regarded as one of the most sophisticated in Central and Eastern Europe. It is estimated that the sector employs 700 people, including 160 R&D employees, while its total annual revenues exceed EUR 50 million. The success of the Lithuanian biotechnology industry has been reinforced by the return of Lithuanian scientists who had spent over a few years abroad.

However, the potential goes beyond this with a pool of a pool of 18,000 R&D researchers and specialists in Lithuania today. 15 research institutions carry out chemical and biochemical research on protein, enzymes and nucleic acid for pharmaceutical purposes. 16 institutions, including five major universities, train biotechnology and business specialists in cooperation with both domestic and foreign biotechnology companies. Also the construction and establishment of the first Baltic Medical and Pharmaceutical Valley began in the capital, Vilnius.

Lithuania has highly developed agricultural and forestry sectors. Industrial biotechnology became a rapidly growing sector of Lithuanian economy in the past decade, especially production of biofuel, and is going to continue growing in the years to come. Annually Lithuania produce excess of biomass that can be reproduced to biofuel:

  • around 1.0 million tons of surplus grain
  • more than 4.5 million tons of residual biomass and waste products from stockbreeding
  • more than 2.5 million m3 of forestry residues are formed during wood manufacturing

Success stories: Thermofisher, TEVA, Fermentas, SICOR Biotech, BIOK, Biocentras, Traidenis


TEVA - Teva Pharmaceutical Industries (Israel) has acquired the Lithuanian enterprise of biotechnological pharmacy UAB Sicor Biotech in 2006. Now the company produces recombinant proteins for medical use (interferon alpha-2b, human growth hormone, granulocyte colonies stimulating factor, erythropoietin). It is the only factory of such a profile in Eastern and Central Europe. Company has a strong and very well-equipped research centre, developing technology for the production of recombinant proteins. The company has notably introduced a 25-35% cheaper but just as effective version of an existing medicine for treating cancer to the world market. In 2010, the company announced new investment of 6.7 mill Euro into its facility in Vilnius, that will double the volume of drug production. It is expected that operations of the new plant situated in “Santara” Valley in the capital city Vilnius will be launched by 2012.


Lasers and Electronics 

Lithuania was one of the largest centres for electronics in the Soviet Union era. The key products manufactured included television equipment, computers, semiconductors and radio measurement equipment. Lithuanian companies were also key suppliers to the Soviet military and aerospace programmes.

Lithuania’s strategic location has put the country on Europe’s largest logistics corridors linking Russia and western Europe. Investors from Scandinavia have been quick to realize the potential of Lithuania and have actively invested in the country as a near-sourcing alternative. Sweden and Denmark remain the largest foreign direct investors in Lithuania in 2009.

Industrial has remained one of the largest business sectors with medical electronics and optical instruments being a focus area for electronics manufacturers in the country. Another key area is the manufacture of radio, television and communications equipment components, which are exported to Scandinavia, Western Europe as well as eastern European countries like Poland and Russia.

The EMS segment is a major segment in Lithuania with many contract manufacturers leveraging Lithuania as a cost-competitive and volume manufacturing hub. Currently, foreign investments in Lithuania constitute around 35 % of the total number of companies in electronics assembly in Lithuania.

Laser technology is another key allied industry, which has placed Lithuania on the global map. Lithuania accounts for more than half of the global market of pico-second laser spectrometers. These are widely exported to European countries as well as Asian countries like Japan.

  • Global leadership in applying fundamental research to manufacturing
  • Leading in global production of ultra-fast parametric light generators (80 %)
  • Every tenth laser professional holds a PhD
  • 86 % of production exported to nearly 100 countries
  • Winner of the 2011 Prism Award for Photonics Innovation in Scientific laser category (EKSPLA)

Success stories: EKSPLA, LIGHT CONVERSION, Standa, OPTIDA , Kitron, Yazaki


Kitron - Kitron is one of the largest multinational EMS companies to have successfully leveraged Lithuania as a low-cost location to serve a global clientele. The company has doubled its production capacity and exhibited inorganic growth by acquiring a competitor as well. Kitron manufactures and deliver anything from fully assembled electronic circuit boards to complete end products for our customers globally.

EKSMA - Eksma group utilizes established knowledge more than 25 years of expertise in the laser and optics fields. Brand names include EKSPLA (ISO9001 certified manufacturer of lasers, laser systems and laser components for R&D and industrial applications), Bioeksma (complex solutions of laboratory equipment in chemical, biochemical, biopharmaceutical, microbiological and medical diagnostics), Eksma Optics (a manufacturer and global supplier of precision optical components, crystals and mechanics, used in lasers, laser laboratories and other photonic applications).

Light Conversion is the world leading manufacturer of continuously wavelength tuneable ultrafast light sources based on TOPAS series of optical parametric amplifiers and frequency mixers. Established in 1994, as a spin-off from Vilnius University Laser Research Centre, the company has built its strength on profound knowledge in the field of optical parametric generation and amplification accumulated by its people.


Metal Processing 

Besides long-standing engineering traditions (since the technological leadership within the Soviet Union), engineering has become rapidly growing sector, displaying competitiveness and integration into international markets.

A key to Lithuania’s metal processing industry success is the supply of specific products to large foreign and local companies as well as the active modernization of production. Lithuanian metal processing and transport equipment companies supply various transport parts to companies such as Volkswagen, Volvo, SAAB, Renault, and Yazaki, which are known to demand top quality and value.

The industry has strong ties with the construction sector which uses a lot of metal structures. In 2003–2007, the metal industry (MI) grew at the fastest pace among all MI branches at an average annual rate of more than 29% but was severely hit by economic downturn in 2008. Currently around 9,400 people are engaged in the metal processing and machinery industry, and, primarily via successful exports, industry has returned to growth.

 Largest local players include Mechel Nemunas (manufacturer of wire products), Astra (Alytus), Alga and Stevila (Marijampole), Ukmerge-based Vienybe, Panevezio Aurida, and others. What regards foreign investments, Lithuania is proud to host Schmitz CargoBull (Panevezys) Stansefabriken (Ukmerge), Hi Steel (Kaunas), ADAX (Panevezys) and number of other.

Success stories: Stansefabriken, CIE Automotive, ADAX, Schmitz CargoBull, Hi Steel


Schmitz Cargobull - Based in Panevezys, Lithuania, Schmitz Cargobull Baltic UAB operates as a branch company of the Schmitz Group, which is based in Horstmar, Germany. Schmitz Cargobull Baltic has over 60 years’ experience in manufacturing refrigerated vehicles, and more than 100,000 refrigerated trailers currently are on the road. Schmitz Cargobull Baltic UAB offers its customers a variety of transportation solutions to satisfy the needs of various businesses. Bodies, semi-trailers, articulated road trains are adapted for carriage of all kinds of goods.

Stansefabrikken - Stafa Industrier is the mother company of a group of companies (Stansefabrikken) primarily offering services and products from sheet metal. With a vision of building long term relationships Stansefabrikken focus is to provide customers with highly cost efficient solutions meeting challenging requirements. In automotive, Stansefbarikken offers stamping, robot welding, tooling services; other entities are engaged in producing postboxes and electrical cabinets, as well as CNC punching, bending, welding, powder coating, assembling services.


Chemical and Plastics 

Chemicals and Plastics, two interrelated sectors, stand out as one of the best established industrial activities in Lithuania. Manufacture of the main chemicals, fertilisers and primary forms of plastics accounted for over 81 % of turnover of the chemical industry.

Major manufacturers include local Achema (leading manufacturer of nitrogen fertilizers and chemical products in Lithuania and the Baltics) and Lifosa (producer of nitrogen-phosphorus fertilizer), foreign-owned Neo Group and Orion Global Pet (both in Klaipeda, PET raisin manufacturing). Chemical and Plastic sector companies are home for more than 5.400 employees. They have received EUR 159 million of foreign direct investment – around 20 % from manufacturing FDI in total.

In plastics, Lithuanian companies employ latest technologies and are able to adapt and serve various markets. Putokšnis, Stigma, Plasta, Artilux and other are success stories of Lithuania’s export-oriented plastics manufacturing (almost 52 % of production is exported).

Success stories: PET (Indorama & Neogroup), Frilux, Putokšnis, Stigma, Plasta


Indorama Orion Global PET -  The Orion Global PET facility (Indorama Ventures Public Limited Company production site) is located in Klaipeda, Lithuania. The plant started commercial production in 2006 with an annual capacity of 198,000 tons. Indorama invested in production of PET polymers for PET bottles, sheets, and other applications.

NEO GROUP - NEO GROUP is one of the largest European suppliers of high-quality PET resin for various kinds of consumer packaging. The total capacity of NEO GROUP plant is 308,000 tonnes per year, which compose 12 % of the European production, are manufactured and sold during a year. JSC „NEO GROUP is the member of PET industry leader - Retal Industries group of companies.


Furniture, Wood processing & Paper Industry 

Within the previous several years the local wood, furniture and paper industry has demonstrated a brisk growth towards leading positions. There are about 1570 companies in the sector, more than 900 furniture manufacturers, and the number of people employed within the sector is in excess of 50,000.

Lithuania’s furniture, wood processing and paper sector:

  • highly forested country, deep traditions in the wood processing industry;
  • among the most important suppliers for IKEA;
  • the biggest office furniture factory (30 000 sq.m.) in the Baltic States;
  • the highest quality requirements and design standards;
  • competitive prices;good geographical location  and short delivery terms;
  • the flexibility to fulfil non- standard orders;
  • more than 1,570 companies;
  • over 50,000 employees

Lithuania’s furniture, wood processing and paper sector branches:

  • wood and wood products;
  • furniture;
  • paper and paper products.

Success stories: IKEA, Ochoco Lumber, StoraEnso, SCA

Textile and Clothing 

Lithuania’s textile and clothing industry, maintaining a centuries-old tradition, today is actively investing into its own brands and design, developing higher-value-added products. Lithuanian producers co-operate with well-known European companies such as Marzotto, Laura Ashley, Marks & Spencer, H&M, and Adidas.

Lithuanian textiles and apparel articles are exported very widely: to European countries, CIS countries, the U.S.A., Canada, and Asia. The main trade partners are Italy, France, UK, Germany, Sweden, and Denmark. About 84% of Lithuanian textile exports go to the EU. Also, textiles make about 40% of total Lithuanian exports to Japan (mostly linen textile fabrics and linen home textiles).

Lithuanian textile manufacturers produce high-quality protective clothing for military, police and civil application, which fulfil the requirements of EN, NATO and NIJ standards, as well as bullet-proof garments.

The test laboratory at the Lithuanian Textile Institute is accredited according to the LST EN ISO/ IEC 17025 standard to carry out more than 60 physical and chemical tests to determine the qualitative, hygiene and environmental parameters of textile materials being developed. Tests are carried out for Lithuanian textile enterprises and foreign companies.

Lithuania’s textile & clothing sector:

  • one of the most specialised EU countries in the textile and clothing sector;
  • 2,500 new specialists trained annually;
  • flexibility and short delivery terms;
  • European and world-standard production;
  • 76 %  of production exported; 84 % exported to EU;
  • more than 1,000 companies;
  • 40,000 employees.

Lithuania’s textile & clothing sector main branches:

  • manufacture of textile;
  • manufacture of apparel;
  • manufacture of leather and leather products.

Success stories: HUGO BOSS, Utenos trikotažas, Audimas, Adidas

Food 

The food sector accounts for a major share of the value added (20.9% in 2008) created by the Lithuanian manufacturing industry. More than 400 enterprises are engaged in the meat, fish and milk processing industry in Lithuania.

Lithuania’s food sector:

  • deep manufacturing traditions;
  • favourable climate for agriculture;
  • well developed transport infrastructure;
  • favourable geographic location;
  • modern technologies;
  • Lithuanian beer awarded at the “European Beer Star Awards”, “World Beer Cup” and “World Beer Championship”;
  • 36 %  of production exported dairy production makes 15 % of food exports, 58 % of dairy production exported to the EU;
  • over 57,000 employees;
  • sector accounts for a major share of the added value (20.9 %) created by the Lithuanian manufacturing industry.

Lithuania’s food sector branches:

  • meat and meat products;
  • milk and dairy products;
  • eggs;
  • bread and grain;
  • potatoes;
  • vegetables;
  • fruit and berries;
  • sugar;
  • oil and margarine;
  • fish and fish products.

Success stories: Faser, Rūta, INGMAN-VEGA, Mantinga, KRAFT, Vilniaus duona, VICI

Real Estate and Construction 

Strong economic growth in Lithuania and a young inspirational population have created favourable conditions for the swift emergence of a modern retail real estate market, catering to the demands of today’s retailers and consumers and offering prospects for long term rental upturn.

A significant increase in the number of supermarkets, hypermarkets and shopping centres can be seen as a result of the growth in the economy and consumer spending power. Lithuania’s major advantage compared to other Baltic countries is related to the bigger number of cities over 100,000 inhabitants (5 cities). Rapid growth in the regions enables developers to plan modern supermarkets, hypermarkets and shopping centres outside the capital city Vilnius.

Lithuania’s real estate and construction sector:

  • among the most developed European countries in terms of shopping centres per capita (165 q.m.);
  • modern A and B class offices across the country;
  • high potential for the development of economy accommodation and recreation (SPA) hotels as well as conference tourism facilities across  the whole country;

The biggest international exhibition on construction and renovation in the Baltic States, RESTA takes place annually in Lithuania’s capital Vilnius. Construction and renovation companies from a number of countries present the newest construction and renovation sector trends at RESTA.

Success stories: Re&Solution, HANNER, OBER-HAUS, Colliers International, EIKA

Shared Services and Business Process Outsourcing (BPO)  

Developing shared services, business process outsourcing and call centres is one of the most promising fields in Lithuania. The country offers perfect conditions for the expansion of the above businesses.

Call centres in Lithuania provide:

  • Customer Relations Management (CRM) solutions for companies in a wide range of industry sectors;
  • Services and business information on a country-specific or international basis in a variety of languages.

Lithuania’s shared services and outsourcing market has made great advances in the latest A.T. Kearney Global Services Location Index 2011, climbing up by 7 places to rank 14th globally, and being rated better than the UK (16) or the US (18) as well as higher than the neighbouring Poland (24) or Hungary (31) and the Czech Republic (35).

With a bunch of multinationals (Barclays Bank of the UK, Western Union and Computer Sciences Corporation of the US, Mirror Accounting of Norway, Ideal Invent Technologies of India etc.) providing services in the English, German, Russian, Polish and Scandinavian languages for the entire European market, Lithuania has emerged as the Northern European Service Hub, offering Europe’s most educated talent pool and world-leading shared services infrastructure – world’s 2nd fastest upload Internet, one of the best-developed fiber braodbands and fully implemented4G mobile WiMAX technology,modern office space etc.

Market observers forecast a further rapid growth in the industry: by 2015 the share of exports of services should make approximately 1/3 of Lithuania’s total exports. Similarly, it is expected that 1/2 of the total FDI in Lithuania will settle down in the services sector by 2012.

Success stories:  Barclays, Western Union, CITCO Group, MIRROR, Transcom, Storebrand

Transport and Logistics 

Lithuania is located on the very crossroads of 3 huge markets. It’s a springboard to the common EU market (Western Europe and Nordic countries), and the Eastern markets (Russia and the Commonwealth of Independent States (CIS)) are also just at Lithuania’s side.
Country has become the EU’s prime transport centre. The EU has recognized Lithuania as the prime transport centre in the region and number of companies are employing the infrastructure to serve customers in the EU and beyond.

Lithuanian Transport sector

  • Creates around 13 % of GDP
  • Utilizes the advantage of North - South and West - East International corridors
  • Has ice-free Klaipėda Seaport which is among the regional leaders
  •  Well-developed and maintained rail and road transport network

Trans-European corridors & Railway network

The designated the two North-South highway, and the rail route connecting Scandinavia with Central Europe, as well as the East-West route linking the eastern markets with the rest of Europe, are among the 10 most important in Europe (EU Commission ). Lithuanian railways transport around 48 million tons cargo per year, uses modern infrastructure, fully renewed and modernized locomotive’s fleet. Lithuanian railway has two types of rail gauges - wide gauge (1520 mm) and narrow gauge (1435 mm), what signifies strong Lithuania’s position in transport intermediation services.


Lithuania also offers services of shuttle train “Viking”, which connects the Black and the Baltic Seas (the train starts in Ilyichevsk port, goes through Kiev, Minsk, Vilnius and reaches Klaipeda in 55 hours (1734 km)). Though small in size, Lithuania boasts a 21,000 kilometres road system - known to be the best in the region. Lithuania is committed to investing EUR 145 million  into the Via Baltica international highway, and EUR 100 million into three public logistics centres.

Ice-free seaport at Klaipėda

The northern-most ice-free port in the Baltic Sea is capable of handling over 40 million tonnes of cargo annually. Klaipėda seaport is leading in container handling - in 2010 the result was 295 thousand TEU - more than Riga or Tallinn. Klaipėda is multipurpose, universal, deep-water port with 26 stevedoring companies, and annual handling capacity of 650 000 TEUs. It also operates 24 h, 7 days/week, all year round, fully complies to ISPS Code, has ample storage facilities and Maersk, APL, MSC, Hapag Lloyd among its major clients.

International airports

The three strategically located international civilian airports are located in Vilnius, Kaunas, and Palanga, offering superb facilities for passenger and cargo traffic. With the longest runway (3500 meters), Šiauliai airport is also engaged in organize cargo build-up, loading/unloading to the aircraft operations.

Warehousing

There are around 550,000 m2 of warehousing facilities in Lithuania. The biggest supply of new, modern warehousing facilities is in the capital city Vilnius (around 300,000 m2, growth 7 %), Kaunas is in the 2nd place (around 200,000 m2, growth 77 %), and Klaipeda in the 3rd (85,000 m2, growth – 49 %).

Success stories: DSV Transport


DSV TRANSPORT - With a 12,000 sq m terminal, offices in Vilnius, Kaunas and Klaipeda, and a solid network of business partners, DSV Transport UAB, a subsidiary of the largest Danish transport and logistics group, is one of the largest providers of transport and logistics services in Lithuania. Due to Lithuania’s favorable geographic location and excellent infrastructures, Lithuania’s DSV has been successfully expanding its activities.

Cleantech 

Alternative energy development is already accelerating in the country. Lithuania continuously fosters renewable energy deployment (hydro, wind, biomass and solar) aiming at large 23% RES share by 2020. Clean energy technologies, at the same time, are becoming increasingly significant for Lithuania’s exports. Number of Lithuanian companies is launching photovoltaic cell production and module assembly plants at Visoriai Information Technology Park with supply capacity of 120 MW.

Following the best European practices, Lithuania uses feed-in tariffs to promote renewable energy. Targeting the most cost-efficient energy production, the National Control Commission for Prices and Energy sets the purchase prices of green electricity (FIT).

In 2010, pursuing rapid growth of the cleantech industry, the Lithuanian Government provided grants for a number of companies to implement experimental (c-Si) photovoltaic cell production project and develop a solar energy cluster in the country. Precizika-MET SC, part of Hexagon global measurement technologies group, pioneered the solar industry development in Lithuania by launching an Industrial Photovoltaic Laboratory in Vilnius at the beginning of 2010. BOD Group, Baltic Solar Energy and Baltic Solar Solutions will also construct a 25,000 sq. m facility for solar cell and solar module production lines. Some 500 new jobs are expected to be created by 2016-2018 along with investments reaching up to EUR 58 million and industry's share amounting to EUR 434 million in the Lithuania's export portfolio.

Success stories: Solar cluster Visoriai

Medical Devices 

Lithuania is taking a significant turn towards innovation driven economy. Pursuing that goal country is striving to rapidly develop the medical devices industry which already has remarkable success stories.

Situated at the very crossroad between Western and Eastern Europe, Lithuania allows significantly containing costs while serving both established and future markets. Local operational expenses and logistical services allow serving diverse markets efficiently and affordably. These advantages have been well used by Intersurgical, a large respiratory systems and accessories manufacturer, which exports 99% of the production.

Secondly, Lithuania offers opportunities to foster innovation and R&D capacities. Here, quality of our education, integrated science and business valleys, links to supportive industries (engineering, ICT, physical sciences) becomes greatest Lithuania’s asset. Moog Medical Devices Group (currently developing European R&D centre) is a perfect example of how historical competences, assimilated knowledge and evident competitive edge could be utilized.

Success stories:Intersurgical, MOOG Medical Devices


Intersurgical – Head-officed in Wokingham, Berkshire, UK company has moved the bulk of the manufacturing operation of the oxygen-therapy range of products to Lithuania in 1996. In August 2003, Intersurgical has announced the expansion (from 9 to 17 thous. sq.m) of its manufacturing facilities in the city of Pabrade to produce the respiratory care products. 104 new jobs were created.

MOOG – In 2009, Moog Medical (Subsidiary of Moog) (United States) has acquired a 100-percent holding of the Lithuanian company “Viltechmeda“, a company that manufactured, sold and repaired medical equipment, devices for infusion and syringe pumps. In 2010, the company has announced its plans is to invest another 4 mill Euro in Lithuania in the near future, to establish a service centre and expand its research and technology branch. The centre will employ 50 Lithuanian professionals in the science and business valley “Santara” located in the capital city. The centre will focus on the development of medical technologies and innovations.

Research and Development 

With a pool of 18 000 R&D personnel Lithuania has developed a network of 5 R&D valleys specializing in laser, nanotechnologies, semiconductor physics, electronics, engineering, biotech, energy, environment, ICT and agriculture and awaiting to give an impetus for innovations by businesses. The valleys are based in the capital city Vilnius, in Kaunas - the 2nd largest city and industrial centre, and the non-freezing seaport Klaipėda.

Valleys

  • Network of R&D centres in 3 largest cities
  • Specialization in different scientific reasearch areas
  • Great concentration of talent
  • Sufficient supply of new office space
  • Government’s support (EUR 400 M grants in 2010-2012) 

Incentives for new technologies and R&D

Scientific research and experimental development (R&D) costs deducted 3 times from income for the tax period during which they were incurred, if the performed R&D works are related to the usual or intended activities of the entity that generate or will generate income or economic benefit.

Super-accelerated depreciation - acquisition price of fixed assets used in the R&D activities can be written-off within two years
Investments into substantial technological improvements will entitle the companies to reduce the taxable profit down by 50%.

Success stories: MOOG, Thermo Fisher Scientific, IBM


MOOG – In 2009, Moog Medical (Subsidiary of Moog) (United States) has acquired a 100-percent holding of the Lithuanian company “Viltechmeda“, a company that manufactured, sold and repaired medical equipment, devices for infusion and syringe pumps. In 2010, the company has announced its plans is to invest another 4 mill Euro in Lithuania in the near future, to establish a service centre and expand its research and technology branch. The centre will employ 50 Lithuanian professionals in the science and business valley “Santara” located in the capital city. The centre will focus on the development of medical technologies and innovations.