Hollister Incorporated Invests $58 Million for New Manufacturing Plant in Lithuania

Specifications:

Name:

Hollister Incorporated Invests $58 Million for New Manufacturing Plant in Lithuania

Location:

Lithuania

Company:

Hollister Incorporated

Estimated Cost:

$58 Million

Source:

www.hollister.com

Introduction:

Hollister Incorporated, a global medical device manufacturer, held a groundbreaking ceremony signifying the start of construction on a manufacturing plant in the Kaunas FEZ (Free Economic Zone) region of Lithuania.

Features:

The multi-stage project represents a company investment of over $58 million (€50 million) and is expected to create more than 300 jobs over the next several years. Upon opening in mid-2019, the new plant will produce ostomy-care products with plans to expand production to include continence-care products.  

This is a key strategic initiative for the continued growth of our company and for our customers around the world who depend on medical products of the highest quality. I want to personally thank our partners here in Lithuania who have helped us to plan and prepare for this very special day, said Hollister Incorporated President and Chief Executive Officer George Maliekel.

The company has already hired a few engineers from Lithuania who will begin working at its Ballina, Ireland plant. They will return to the Kaunas plant after the first phase of construction is completed in 2019.