Chemical and Plastics
Source: Invest Lithuania
Chemicals and Plastics, two interrelated sectors, stand out as one of the best established industrial activities in Lithuania. Manufacture of the main chemicals, fertilisers and primary forms of plastics accounted for over 81 % of turnover of the chemical industry.
Major manufacturers include local Achema (leading manufacturer of nitrogen fertilizers and chemical products in Lithuania and the Baltics) and Lifosa (producer of nitrogen-phosphorus fertilizer), foreign-owned Neo Group and Orion Global Pet (both in Klaipeda, PET raisin manufacturing). Chemical and Plastic sector companies are home for more than 5.400 employees. They have received EUR 159 million of foreign direct investment – around 20 % from manufacturing FDI in total.
In plastics, Lithuanian companies employ latest technologies and are able to adapt and serve various markets. Putokšnis, Stigma, Plasta, Artilux and other are success stories of Lithuania’s export-oriented plastics manufacturing (almost 52 % of production is exported).
Plastics sector in Lithuania
- the world’s best PET technologies
- strict procedures of quality control and manufacturers’ orientation to international ISO standards
- 2 universities training specialists for the plastics industry
Success stories: PET (Indorama & Neogroup), Frilux, Putokšnis, Stigma, Plasta and etc. More success stories
NEO GROUP - NEO GROUP is one of the largest European suppliers of high-quality PET resin for various kinds of consumer packaging. The total capacity of NEO GROUP plant is 308,000 tonnes per year, which compose 12 % of the European production, are manufactured and sold during a year. JSC „NEO GROUP is the member of PET industry leader - Retal Industries group of companies.
