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Peikko Purchased Factory Premises of 25.000 m2 in Kaunas, Lithuania

Peikko Group has purchased factory premises in Kaunas, Lithuania, located very near to its existing factory premises. The purchased premises are in the "Naglio 4" area and have a manufacturing space of 25.000m², situated in a plot of more than five hectares. The transaction also included the purchase of equipment, e.g. 20 overhead cranes of various sizes. The seller of the real estate is a company UAB Betonika, part of the Consolis Group.

The new facilities give Peikko the opportunity to expand its product range manufactured by the Lithuanian operations. One of the first focus areas is to increase the manufacturing capacity of EBEA® Balcony Connectors, where Peikko Lithuania will have a role to deliver this product line particularly for the North European market. Secondly, Peikko will increase the production capacity of ATLANT® composite columns, a column system providing slimmer and more architectural structures.  

“The new premises in Lithuania not only provide Peikko with a solid foundation to continue growing further in the Nordic markets, but also offering top-class solutions manufactured close to the market. We believe that investors and architects demand new, more efficient, and yet more aesthetic solutions for building structures, and Peikko is ready to meet this demand,” states Topi Paananen, CEO of Peikko Group Corporation.

Further information:
Topi Paananen, CEO, Peikko Group Corporation
Mobile +358 50 384 3001, e-mail topi.paananen@peikko.com

Paulius Bulota, Managing Director, UAB Peikko Lietuva
Mobile +370 615 40797, e-mail paulius.bulota@peikko.com

Peikko Group in brief: Peikko Group Corporation is a leading global supplier of slim floor structures, wind energy applications and connection technology for precast and cast-in-situ construction. Peikko’s innovative solutions offer a faster, safer, and more efficient way to design and build. Peikko has sales offices in over 30 countries in Asia-Pacific, Europe, Africa, the Middle East, and North America, with manufacturing operations in eleven countries. Peikko generated a turnover of EUR 231 million in 2019. Peikko is a family-owned and managed company that employs over 1,800 professionals. Peikko was founded in 1965 and is headquartered in Lahti, Finland. Further information: www.peikko.com.

Peikko Lithuania in brief: Since 2006, Peikko’s Lithuanian legal entity, UAB Peikko Lietuva, has been responsible for various manufacturing operations and local sales in Kaunas, Lithuania. The company has more than 300 employees in manufacturing, engineering, and sales, and in 2020, its turnover is expected to reach a level of 35 MEUR.

EBEA® Balcony Connector is a load-bearing insulated connection element for concrete structures that minimizes thermal bridges in cantilever balconies and other applications, such as walls and slabs. Preventing thermal bridges while keeping the structural integrity of cantilever balconies, walls and slabs can be a challenge. EBEA® Balcony Connector minimizes heat losses and prevents visual and structural defects in concrete structures. The EBEA® system is very versatile with many types to choose from. Peikko acquired the product rights of the EBEA® Balcony Connector, a product developed in Switzerland, in March 2019. The manufacturing of the product has taken place in Pilis, Hungary, and the manufacturing started in September 2020 also in Kaunas, Lithuania.

ATLANT® composite column is Peikko’s proprietary, solid core composite column, which is slimmer than traditional, Eurocode-based standard composite column. Peikko acquired the product rights of the ATLANT® composite columns, a product developed in Switzerland, in January 2020, and has since made deliveries to tens of various projects in Europe.