LITHUANIA RECEIVES INVESTMENT BY MOOG OF THE US
UAB Viltechmeda opened the Moog Medical High Technology Centre in Visoriai Information Technology Park in Vilnius. Investments into the construction of the Centre amounted to LTL 8.04 million, including LTL 2.7 million from the EU Structural Funds. This project is expected to create 50 jobs in the Centre over the next three years.
“This already materialised high-tech investment project demonstrates that Lithuania has potential to develop technologies that generate high added value. The new Medical High Technology Centre will develop the innovative economy and will promote closer scientific and business cooperation,” Minister of Economy Rimantas Žylius said.
“As soon as we found about the acquisition of Viltechmeda by the Americans, we started working on the attracting greenfield investments of the Moog Group into Lithuania. We are so glad of being able to contribute to the establishment of a scientific research laboratory in Lithuania,” Managing Director of Invest Lithuania Mantas Nocius said.
The Ministry of Economy and the U.S. company Moog Medical Devices signed the letter of intent regarding investments in the medical high technology centre but a year and a half ago. The investment project is implemented by UAB Viltechmeda, which is a company of Moog Medical Devices Group.
The Medical High Technology Centre will have a scientific research division/laboratory, a modern experimental plant and the only instrument maintenance centre of Moog Medical Devices Group in Europe. The manufacturing of infusion pumps for precise and safe dosage of medicines will be developed in the new 3,500 m2-area Medical High Technology Centre. The major share of medical devices will be exported to the CIS and European countries, and also supplied into U.S., Asian and African markets
