The Lithuanian high-tech group, Teltonika, will construct a new electronics assembly plant in Vilnius. A building permit has been issued for the project, which will be developed in the Teltonika High-Tech Hill Technology Park.
The new production facility will be located in Liepkalnis, at Svylos St. 16, opposite the current Teltonika EMS electronics assembly plant. It is expected to create 700 jobs and will be responsible for manufacturing IoT products developed by Teltonika, as well as contract manufacturing activities. The production capacity is projected to reach more than 18 million products per year. Construction of the new plant is expected to take approximately 1.5 years. The Teltonika Group will invest approximately €75 million in this project.
The Teltonika High-Tech Hill Technology Park in Liepkalnis will witness the construction of 10 new industrial and administrative buildings in several phases over a five-year period, and it is anticipated to employ around 6,000 people. Last month, the Teltonika Group initiated the construction of a printed circuit board factory, scheduled for completion by the end of 2024. This project will involve an investment of around €143 million. The total investment in the Teltonika High-Tech Hill Technology Park is estimated to be around €3.7 billion.
Teltonika is a rapidly growing Lithuanian high-technology group with offices in 21 countries worldwide, employing approximately 2,500 people. Teltonika’s state-of-the-art technologies and extensive design and manufacturing experience contribute to the creation of high-quality and secure IoT devices. The company takes pride in its unique IoT products manufactured in Lithuania and aspires to become a global leader in designing and manufacturing unique IoT solutions that assist people worldwide. Teltonika has already produced more than 24 million IoT devices in its modern production facilities in Vilnius and Molėtai.