EIMIN: Mach Industries is considering setting up a factory and expanding its operations in Lithuania
During his visit to the United States, the Minister of the Economy and Innovation, Lukas Savickas, met with Mach Industries, a defence and space technology company. The company is considering Lithuania as a base for its expansion into Europe.
'The government recently approved the investment fast-track scheme initiated by EIMIN, which will enable large investment projects in Lithuania to be implemented ten times faster. We are delighted to already see the clear results of this decision in Mach Industries' interest in investing in Lithuania. This is a clear sign that Lithuania is becoming an increasingly attractive place for high-tech investment," said EIMIN Minister L. Savickas.
Mach Industries' product portfolio includes advanced technologies that are important for national defence and the NATO alliance. It develops the innovative VTOL (vertical take-off and landing) combat aircraft Viper, as well as high-altitude gliders, specialised platforms for sensors and electronics, advanced engines, and modular electronics for drones and missiles.
This interest strengthens not only the potential of Lithuanian industry, but also opens up new opportunities for technological cooperation with the United States and other international partners.