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Peikko Group Global (English)

Peikko to have two factories in Lithuania

Peikko Group is about to start its steel and composite structures manufacturing in its newly renovated, modern factory premises of more than 8.000 m2 in Kaunas, Lithuania. The installations of machinery and equipment are on-going and first production activities will start in during the last quarter of 2013. The new factory will significantly increase Peikko´s capacity, particularly with regard to steel and composite structures supporting Peikko´s Deltabeam product range.

Peikko Group’s medium- and long-term outlook requires more capacity in Europe. On the contrary to earlier plans, Peikko will not close its current 3.000 m2 factory premises in Kaunas, Lithuania. The current factory will focus on manufacturing various types of connection items, and have its own production organization. Therefore the overall amount of personnel in Lithuania will grow. The decision to keep a second factory in Lithuania has no effect on any other Peikko factory. The total investments in Lithuanian factories exceed EUR 5 million.

“According to estimates Peikko will this year grow over 10% in volume, and will continue to do so in the coming years. We need to keep our lead times short and reliable to our customers. The Lithuanian connections factory will help us to reach this goal. I am also excited about the new steel and composite structures factory. With completely renovated facilities, new machinery and improved systems Peikko will be eminently competitive in the market”, states Topi Paananen, CEO of Peikko Group Corporation.

 

Further information:
Topi Paananen, CEO, Peikko Group Corporation, Tel. + 358 50 384 3001,
email: topi.paananen@peikko.com

Andrius Surantas, Managing Director, UAB Peikko Lietuva, Tel. +370 37 350261,
email: andrius.surantas@peikko.com

Distribution:
Main media, Peikko websites

Peikko Group in brief:
Peikko Group Corporation is a leading global supplier of concrete connections and composite structures. Peikko’s innovative solutions make the customers’ building process faster, easier and more reliable. Peikko has subsidiaries in 30 countries in Asia-Pacific, Europe, the Middle East, and North America, with manufacturing operations in 9 countries. Peikko’s net sales in 2012 amounted to EUR 113 million. Peikko is a family-owned and run company with over 900 professionals. Peikko was founded in 1965 and is headquartered in Lahti, Finland. Further information: www.peikko.com.