Receive our newsletter – data, insights and analysis delivered to you
  1. News
10 August, 2021updated 29 Oct 2021 11:18

Bär Cargolift opens new tail lift factory in Lithuania

Germany-based Bär Cargolift has opened a new factory in Šiauliai Free Economic Zone, Lithuania.

By Cara Lyttle

Bär Cargolift, a German automotive tail lift manufacturer, has opened a new 9,500m2 factory in Lithuania.

The new plant is expected to reach $8.2m (€7m) of turnover by the end of 2022 and potentially $23.44m in 2025. It is located at Šiauliai Free Economic Zone and is staffed with 40 employees, although this figure is set to increase to 100. The company has vowed to only purchase electricity from renewable energy sources at the site, which is equipped with a special heating system, using less than 15 kilowatt hours of energy per year per square metre.

Bär Cargolift has also announced it plans to establish an IT centre in Lithuania. It will focus on the development of engineering solutions for improving its products, which are primarily used to load or unload goods packed on pallets and cargo trolleys.

The company currently produces more than 15,000 tail lifts every year at its global headquarters in Heilbronn, Germany, and has subsidiaries in Poland, Russia, the Czech Republic and Spain.

Topics in this article:
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. Data, analysis and deep insights on foreign direct investment delivered to you
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU