€3.7 billion Teltonika High-Tech Hill project in Vilnius: construction begins on cutting-edge PCB factory
Vilnius-based global leader Teltonika company group embarks on a new phase of development by launching the construction of a state-of-the-art PCB (printed circuit board) manufacturing plant in the future technology park in Vilnius. The factory is one the ten projects to be established in this Teltonika High-Tech Hill technology park.
Teltonika High-Tech Hill project in Vilnius
The Teltonika technology park encompasses ten new production and administrative premises located on a 450,000 m2 territory: Electronics assembly plant, Printed circuit board factory, Administrative offices, Data centre, Plastic parts manufacturing facility, Semiconductor chip assembly, testing, and manufacturing facilities, Commercial building, Parking.
Teltonika have already obtained construction permits not only for the PCB plant but also for a 64,200 m² administrative office building, the construction of which will start in March 2024 and take approximately 36 months. And by the end of August this year, Teltonika intend to obtain a building permit for a 22,700 m² electronics assembly plant. The construction of this plant is expected to take about 18 months.
The work on the 20,600 m² plastic and mechanical components manufacturing facility is projected to start in July 2024 and will take about 15 months to complete. Other facilities are currently undergoing architectural and design work and coordination with Vilnius City Council.
If all the processes of territorial planning and construction permits are carried out in accordance with the statutory deadlines, and the planned 110 kV line and the 100 MW electrical switching station will be built by the end of 2024, the construction of the Teltonika High-Tech Hill technology park can be completed by 2028. Additional equipment will be installed by 2033 at an investment of €1.6 billion.
The total investment in the project will amount to around €3.7 billion.
PCB factory project details
Covering an area of more than 33,000 m2, the PCB factory will house manufacturing facilities and administrative premises. The budget for this project is estimated to be €143 million.
Teltonika’s PCB factory is expected to become one of the most advanced of its kind in Europe. It will ensure the highest level of automation and meet the strictest environmental standards. With an anticipated construction time of around 15 months, Teltonika aims to complete the project in December 2024.
The cignificance of the PCB plant
A printed circuit board is the base of modern electronic devices on which various components, including semiconductor chips, are placed. Nowadays, this element is hardly replaceable in the manufacturing of more complex electronics.
Due to the low geographical concentration of PCB plants in the region and the steadily growing demand for electronic devices, the investment in the construction of the plant is crucial for the company group’s further development.