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National development institution UAB ILTE has granted a €24 million loan to UAB JPackaging for the construction of a modern wooden pallet and pallet collar manufacturing plant in the Šeduva industrial park, Radviliškis district.
The planned plant will have a total area of nearly 11,000 sq. m, with over 9,700 sq. m dedicated to production. UAB JPackaging aims to serve the Baltic and Scandinavian markets.
The company announces that up to 150 new jobs will be created, and the project will significantly contribute to the region’s economic development. Implementation of the UAB JPackaging project is scheduled to be completed by the end of 2026.
