A subsidiary company of Lithuanian Teltonika Group builds a €143M worth printed circuit boards plant

A subsidiary company of Lithuanian Teltonika Group, Power Group Property, started to build a €143M worth of printed circuit boards plant in Vilnius Technology Park. The plant will be located in the areas of Ditva and Svyla Street in Vilnius.

In December 2022, Teltonika Group announced an investment of €96M in the construction of the technology park Teltonika High-Tech Hill in Vilnius, which would occupy a 14-hectare area (140K sqm). 

According to the founder of Teltonika Arvudas Paukstis, currently, the company plans to expand the territory of the Technology Park up to 450K sqm and build there ten new buildings. In a few months, it plans to build an electronics assembly plant of 22,7K sqm. In March 2024, the company targets to start constructing a 64,2K sqm Teltonika High-Tech Hill administrative building. And in July 2024, it will start constructing a 20,6K sqm plastic and mechanical components factory. Teltonika Group assumes that total investment in Vilnius Technology Park will estimate at €3,7Bln.

Vilnius Technology Park will host an electronics assembly plant, a PCB factory, administrative offices, a data center, a plastic parts injection molding plant, chip assembly, testing, manufacturing buildings, commercial premises, and parking lots.

Founded in Vilnius in 1998, Teltonika Group produces IoT devices, vehicle trackers, etc.