American Kinze plans Lithuania farm machinery plant
Kinze Manufacturing Inc, an Iowa-based maker of farm machinery, will open it’s first factory outside the US in Lithuania this year to support expansion in Central and Eastern Europe, Bloomberg reported. The Baltic plant is “geared to increasing sales in Russia, Ukraine and the whole of the European Union,” Kinze Vice President Susanne Veatch said Tuesday in a joint statement by Lithuania’s investment agency in Vilnius. Important EU markets include the Czech Republic, Bulgaria and Hungary, she said. Kinze, which says it’s the US’s second-biggest producer of planting and seeding equipment, this autumn will start an assembly line at a site near Vilnius, the Lithuanian capital. By 2017, it will build up to full manufacturing with a staff of 250 beginning in 2017, according to the statement.
MOL Shareholders Approve Dividend of Around HUF 250/Share
Gov't Awards HUF 6.5 bln of Subsidies to SMEs in Underdevelo...
LOT Seoul Flight Lands in Kazakhstan Due to Drunken Passenge...
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
