Cycling Industry News: Lithuania - a rising star in the industry

Lithuania was presented as a rising star in the bicycle industry in the online magazine "Cycling Industry News".

Recently, the Dutch Pon Group also declared its intention to open an own production facility in Kėdainiai next year. Up to 450,000 bicycles and pedelecs will then roll off the production line annually in the city, which is located exactly halfway between Šiauliai and Vilnius.

After reviewing a range of options in Central and Eastern Europe, Lithuania came out best,” said company spokesman Jacques Geijsen when announcing the plans in January 2022.

The country clearly stands out in terms of stability, ease of doing business, as well as a motivated and skilled workforce. Given the recent market developments, the excellent logistics Lithuania can offer also were a deciding factor.