Continental plans to invest €95 million over the next five years.

Continental has announced the construction of a new manufacturing plant in Lithuania to expand its automotive electronics production footprint. By choosing the location in the Kaunas region, Continental is increasing the production of electronic components for European markets. The groundbreaking ceremony is scheduled for the middle of 2018. Continental plans to invest €95 million over the next five years and will create around 1000 new jobs.

"Building the first Continental plant in Lithuania is an important part of our growth strategy in Europe. With this, we are continuing to expand our electronics production and European presence in order to be able to better satisfy our customers' growing demand for automotive electronics," said Dr. Hans-Jürgen Braun, head of 28 Central Electronic Plants worldwide at Continental.

"As a modern industrial region with an excellent infrastructure and highly qualified workforce, Kaunas is the ideal location for us. We are delighted about the fact that we will have a plant in Lithuania for the first time ever," said Shayan Ali, future Managing Director of Continental in Lithuania, and added: "Thanks to support from the Lithuanian government, we are planning to have completed construction by the middle of 2019 and be able to start production."

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