Arginta Engineering

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.

Arginta Engineering, a Lithuanian engineering and metalworking company, announced the acquisition of a nearly 20,000 sqm plant in Outokumpu, Finland, previously owned by Metso Outotec Group. The deal is expected to be finalized on October 1, 2021.