Construction of the world’s largest bicycle manufacturer Pon.Bike begins in the Kedainiai Free Economic Zone! Today, a symbolic time capsule was buried in the foundations of the 40,000 square metre building.
“The confidence shown by Pon.Bike in Lithuania and the #Kėdainiai FEZ in particular is an important indicator for businesses that are still considering potential locations for their investments. If Pon.Bike trusted us, you can trust us too”, says Giedrius Valuckas, Member of the Board of #KėdainiaiFEZ.
The Pon.Bike factory will be operational in summer 2024. By then, the bicycle manufacturer plans to create 300 new jobs in Lithuania, doubling the number to 600 employees.
The Kėdainiai plant has been granted the status of a major investment project by the Ministry of Economy and Innovation. This makes it much easier for new investors to settle in #Lithuania.
The start of the construction of the factory was announced by the Minister of Economy and Innovation of the Republic of Lithuania Aušrinė Armonaitė, Vice President for Operations of Pon.Bike Janco van der Heiden, Chairman of the Board of the Kėdainiai #FEZ Domas Dargis and other guests.