European-wide Success of Lithuanian Company RD Signs

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Lithuanian company RD Signs, which specialises in lightboxes, channel letters, petrol station design, interior solutions and custom-made products, has been successfully operating in the European Union market with renowned brands such as Renault, Volvo, Ferrari, Maserati, Skoda, McDonald’s, Subway, H&M, G-STAR, Shell and Esso. The company has recently completed building a new factory with 6,000 m2 of production space and state-of-the-art technology, in the Šiauliai FEZ.

Previously, RD Signs was specialising in the production of visual advertising and had been operating in a single space. As the number of its customers, their needs and volumes grew, it was decided to have the second, a more modern, plant built. The investment estimates at around EUR 4 million, of which approximately EUR 3 million was allocated to the building to be constructed, and EUR 1 million, for the equipment and its integration into the overall system. The factory has combined/integrated the ERP/CRM systems with/in the latest CNC milling, cutting and folding machines and welding/assembly centres. The quality control system has also been improved.

The RD Signs’ motto is to make the ideas of European companies visible. A professional team of employees manages to handle 100 to 150 technologically different projects and between 1,000 and 5,000 other products a week. It also manufactures custom-made products from aluminium sheets/profiles. “Our excellent team, which is open to innovation, our top quality products and fair cooperation with customers – these are the fundamental working principles at RD Signs which help the company successfully develop its business abroad,” notes the head of RD Signs, Mr A. Butkevičius.

Lithuania has 6 functioning economic zones with the Šiauliai FEZ being one of the most active amongst them. It has seen foreign and Lithuanian capital companies launch successfully integrating state-of-the-art technologies in modern factories. Foreign investors benefit from launching their business in the Šiauliai FEZ as it offers zero-rate corporation tax for the first 10 years followed by merely 7.5% afterwards (where EUR 1 million worth of investments have been made). Foreign companies are exempt from real estate and dividend taxes. Investment opportunities in Lithuania: www.investmentpartner.lt

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