"YIT Lietuva" for 23 million Eur will build "Urban HUB" in Vilnius
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- LT Articles
- 11/18/2022
Pon.Bike, a global leader in the bicycle industry, has commissioned a new factory to be built in Kėdainiai by YIT Lietuva
Pon.Bike, the world’s largest bike family, owned by Dutch Pon Holdings, has signed an agreement with YIT Lietuva, a sustainable urban development and construction company, for the construction of 40,000 sq. meter manufacturing facility that will soon begin in Lithuania’s Kėdainiai Free Economic Zone (FEZ). The production of bikes in Lithuania is scheduled to start in Summer 2024. Due to an agreement between the parties, the value of the contract has not been disclosed.
This will be the company’s eighth modern factory, which will meet the highest standards of sustainability and clean production through the use of modern technologies. The company’s other factories are situated in the Netherlands, Germany, the US and Brazil.
It is planned that the factory in Kėdainiai FEZ will open its doors and start operating in the middle of 2024. The three-storey building will house bicycle assembly and paint workshops, as well as a warehouse and administrative offices. Once it is fully operational, the factory will produce up to 450,000 bicycles per year. Pon.Bike is planning to create around 300 jobs in Lithuania over the next two years, the majority of which will be at the new factory. Later, it will double this number to reach 600 employees.
The production building has been designed by 2L Architects. It will be built in accordance with the Breeam Excellent Sustainable Buildings certification, to ensure the building’s operational efficiency and environmental friendliness, and to provide a high-quality workplace for the factory employees. The developer, YIT Lietuva, will start the first stage of the construction in December this year.
The factory will have an A++ energy rating and will be self-sufficient, with 10,000 square meter of solar panels installed on its roof to generate electricity. It will also feature other “green” solutions, such as charging stations for electric bikes and cars. In addition to the buildings, the 127,000 sq. meter site will include 435 parking spaces.
Pon.Bike received advice for its entry into Lithuania from the construction project management company Incorpus and the lawyers at Sorainen Law Firm.
The Dutch-owned Pon.Bike produces both conventional and electric bicycles, including the well-known brands Gazelle, Kalkhoff, Focus, Cervelo and Santa Cruz, among others. The vast majority of these are sold in the European, US and Brazilian markets. Pon.Bike currently employs more than 4 thousand people worldwide.
