Lithuania becomes Europe’s bicycle production hub

29 May, 2023

Pon Holding’s factory in the #KėdainiaiFEZ puts Lithuania on the map of most important bicycle manufacturers! 🎯

#PonBike has set up an office in the Kedainiai Free Economic Zone and started building a factory. This is a significant achievement for Lithuania in terms of future investment.

Investors appreciate Lithuania’s stability, ease of doing business and the motivated and skilled workforce it has to offer. Given recent market developments, the logistics system offered by Lithuania is also an important factor. The city of Kėdainiai, located in the centre of the country, has an excellent business climate and is close to Kaunas, the second largest city in Lithuania. In addition, both English and Lithuanian are recognised as official languages in Lithuania.

These are just some of the reasons why Lithuania is accessible to investors and beneficial for foreigners doing business here. In addition, the country’s strong manufacturing industry and logistical support were key factors in choosing Lithuania as Pon Holding’s base of operations.

We are delighted with this achievement and the fact that #KFEZ can offer foreign investors excellent #logistics conditions, #infrastructure for a new plant, #manufacturing base, supply chains and human capital supply.