What Lithuania can offer Germany, when implementing Industry 4.0 standards
Lithuania has been a strong partner of Germany for quite a while. The Baltic country has a lot of experience with German companies such as Continental, Hella, Rehau, Schmitz Cargobull and others. Continental has famously managed to bring the largest greenfield investment in Lithuania while also creating an innovative Industry 4.0 factory, Hella built its plant in Lithuania from scratch within just a few years, while Schmitz Cargobull is one of the largest player of the logistics industry in Lithuania. In total, there are more than 90 German companies operating in Lithuania with around 70 thousand staff.
These partnerships were successful because of a few reasons. Lithuania’s population of just over 2,7 million has EU-leading higher education numbers, and the country has a very diverse talent pool: 41 500 engineering specialists, over 31 500 IT specialists, and more than 40 000 students in both these specialties combined. Lithuania is also ranked 2nd globally by Bloomberg for ‘tertiary efficiency’. So, it is very clear that the country is open to cooperating and is able to implement the latest technologies. Also, it is often noticed that Lithuania and Germany have similar work culture and ethic which makes cooperation easier.
1/5 of the total Lithuanian exports of domestically produced goods are manufactured by the traditional engineering sector and Lithuanian products are exported all over the world. As Lithuania is becoming even stronger in the IT and engineering industries, it is expected to see even more collaboration between Germany and Lithuania. So far, the most commonly exported products from the country are electronic machinery and equipment, plastic products, products of iron and steel, machinery and mechanical appliances, which are all in growing demand right now, as the move to Industry 4.0 is now trending. Would you like to learn more about the future possibilities of collaboration between these two countries? Visit engineering.enterpriselithuania.com.
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