VILNIUS, LITHUANIA – Lithuanian company Teltonika has been cleared to build a PCB production plant here.

The EUR143 million ($156 million) plant will be based in the Teltonika High-Tech Hill technology park in the Liepkalnis neighbourhood in the capital city.

The company Power Group Property, belonging to the Teltonika Group, will carry out the construction, which is planned to be completed in December 2024.

Teltonika plans to invest EUR2.1 billion ($2.3 billion) in the Teltonika High-Tech Hill technology park over the next five years.