# Arginta Engineering to build new plant in Panevėžys, Lithuania

Arginta Engineering will build a new production facility in the Panevėžys Free Economic Zone, with a total investment of EUR 15 million across three phases. The first phase involves EUR 5 million and the plant is expected to open in 2023, employing up to 100 people initially and up to 300 in the following years.

- Type: New facility
- Announced: 2022-03-28
- Where: Panevėžys Free Economic Zone, Panevėžys, Lithuania
- Value: $16.5M (15.0M EUR)
- Jobs: 300
- Starts operating: 2023
- Status: announced
- Products: intermediate products for assembly and testing
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Arginta Engineering](https://endata.com/companies/57567.md)

## Sources

- [argintaengineering.lt](https://argintaengineering.lt/en/general/2022/arginta-engineering-expands-to-build-a-new-plant-in-panevezys-employ-up-to-300-new-workers/), 2022-03-28: "We plan that this capacity development will give us a competitive advantage internationally and provide additional facilities for our employees."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.