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2013.09.23 13:00

Investor from Faroe Islands will start production of modern fishing gear in Lithuania

DELFI|The Lithuania Tribune2013.09.23 13:00

One of the largest producers of fishing nets in the North Atlantic market VON has chosen Lithuania for its new manufacturing facility, Invest Lithuania has informed. 

One of the largest producers of fishing nets in the North Atlantic market VON has chosen Lithuania for its new manufacturing facility, Invest Lithuania has informed.

The Faroe Islands-based company has plans to invest about EUR 2-2.3 million, and will employ over 70 textile manufacturing and mechanics specialists at Šiauliai Industrial Park.

The facility will produce various types of fishing nets for use in fishing around the globe. Trawls, cages and other equipment used for fish farming will be produced. Additionally, safety nets and cargo transportation equipment for offshore oil and similar platforms will be made. VON’s Lithuanian production will be exported to Faroe Islands, Norway and other countries.

“Lithuania has a well developed textile sector and an experienced work force, with specific competencies that are very important for our highly innovative operations. We expect the Lithuanian input and the advanced production equipment to be used in the Siauliai-based manufacturing facility to accelerate our production modernisation process,” said Hjalmar Petersen, VON’s executive director.

The company uses complex computer models and special video equipment to monitor the underwater behaviour of nets and various fish species.

Newly employed Lithuanians will be trained by VON at their headquarters in Faroe Islands and the company’s other factories in Greenland, Norway, Denmark and Canada. In this way, the company expects its employees to adopt the most advanced production practice and to apply them in Lithuania.

“Šiauliai is the third strongest city contributing to Lithuania’s textile industry. Foreign investors recognize this area as a highly attractive region for expansion in this sector. VON is the second largest foreign company to choose this city for fishing gear manufacturing,” said Milda Darguzaitė, Managing Director of Invest Lithuania.

The new investor intends to remain active in co-operating with local businesses. The company will buy plastic parts from Lithuanian-based producers. Finished products will be packed and exported by local companies as well.

VON was established in 1969 by five fishermen. Today, VON is one of the largest fishing net producers in the North Atlantics market. The company produces trawls, fish farm cages, purse seine, gillnets, sport nets and security nets for oil platforms.

VON is headquartered in Faroe Islands. Its design, development and production units operate in Faroe Islands, Denmark, Greenland, Norway and Canada. Read more about them at www.vonin.com 

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