JPACKAGING, a company within the TMV CAPITAL group, has signed almost a €14 million contract with AB Panevėžio statybos trestas (PST) for the construction of a wooden pallets and pallet collar factory in Šeduva industrial park, Radviliškis district.
Construction work on the 21-hectare plot is set to begin shortly. The total area of the factory will be almost 11,000 square meters, of which more than 9,700 square meters are designed for manufacturing purposes. The site will also include storage areas, access roads, a parking lot, outdoor engineering networks, and auxiliary facilities. JPACKAGING plans to employ up to 150 people.
This project, with total investments reaching €30 million, is included in the list of major projects and is considered a project of national importance. The project is expected to be completed by the end of 2026.
