The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27.4 - Manufacture of electric lighting equipment
130 jobs Number of planned job creations
Announcement Date
3 January 2011
Employment effect (start)
15 February 2011
Foreseen end date
Description
Korean company LK Development intends to open a factory in Taurage and create 130 new jobs where energy saving lamp (LED) will be assembled. The factory will start production in mid February 2011. According to the management, the company will invest around 15 million LTL (4.34 million EUR) in this business expansion. The largest part of the production will be exported to the West-European countries, Russia, Belarus and Ukraine.
Sources
3 January 2011: Verslo zinios
Citation
Eurofound (2011), LK Development, Business expansion in Lithuania, factsheet number 71396, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71396.
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