SBA Group opens the largest business investment in Lithuania in the USA: will produce more than 2 million pieces of furniture annually
SBA Group has inaugurated a new factory in the USA, marking a significant expansion in its operations with plans for further growth and hiring.
SBA Group has recently opened a factory in the USA, which represents a major milestone in the company's expansion efforts in North America. Currently, the factory employs around 100 staff members, with intentions to expand the workforce to approximately 250 as production increases. This strategic move into the North American market indicates the company's confidence in long-term growth potential, especially as they prepare to add a second shift to enhance productivity.
The factory's operational capacity is projected to yield over 2 million furniture units annually, which highlights the ambitious nature of SBA Group's investment. In its initial year, the factory is expected to generate around $40 million in revenue, a figure that is anticipated to grow as production scales up. According to Jurgita RadzeviÄÄ, the head of SBA Home, the current focus is on developing stable processes and a robust local team while preparing for the expansion of production capacity from the start.
As the factory ramps up to full capacity, SBA Group aims to establish itself firmly in the competitive US furniture market. The strategic importance of this project lies not only in the economic aspects but also in creating local job opportunities and fostering community ties as they increase the number of shifts and staff. This expansion underscores the growing confidence in the Lithuanian business sector's ability to operate on a global scale, particularly in a market with substantial long-term potential like the United States.