PST for nearly 3.4 million. Eur will reconstruct Rifa in Panevėžys

Photo by Vladimir Ivanov (VZ)

Photo by Vladimir Ivanov (VZ)

One of the largest construction companies in Lithuania, Panevezys Construction Trust (PST) for 3.35 million EUR reconstructs the building of the Panevėžys Electronic Systems Manufacturing Company "Rifas", managed by the Estonian group Harju Elekter.

A contract was signed on Monday. The project is expected to be completed in the summer of next year, BNS PST has informed.

In January it was reported that Rifa wants to reduce its emissions from 2,500 to 7,500 by the end of 2018. meters to expand the production facilities, and will receive 100 new employees within three years. Now the company has more than 140 employees and in 2019 they will reach 200, the company reports.

The company exports all its products in Lithuania – the main partners are Norway, Finland, Austria and the Netherlands. Her products are not only used in Europe, but also in North American and Asian countries.

Harju Elekter has managed Panevezys since 2004.

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