Kaunas is Lithuania’s largest industrial, commercial, and service center. Food and beverage industry, textile and light industry, chemical industry, publishing and processing, pharmaceuticals, metal industry, wood processing, and furniture industry are the most developed industries in Kaunas. Information technology and electronics have recently emerged as key areas of commercial activity in Kaunas. The city also has a sizable construction sector, which includes commercial, residential, and road building.
Companies from the United States, Finland, Estonia, Denmark, and Russia are the primary foreign investors in Kaunas. Several major international and Lithuanian companies have their headquarters in Kaunas, including “Kraft Foods Lietuva,” the largest Generic Pharmaceuticals producer in Lithuania “Sanitas,” the largest producer of sportswear AB “Audimas,” one of the largest construction companies “YIT Kausta,” JSC “Senukai,” the largest producer of strong alcoholic drinks in Lithuania JSC “Stumbras,” the Finnish capital brewery JSC “Ragutis,” JSC “F Kaunas is considered one of Lithuania’s largest logistical centers due to its geographical position. In Kaunas has been operating the biggest wholesale, distribution, and logistics firm in Lithuania and Latvia, JSC “Sanitex,” as well as a subsidiary of material handling and logistics company Dematic in the Baltics. Lithuanian Railways, the national state-owned railway corporation, is currently preparing a feasibility study for the Kaunas Public Logistics Centre. The “Margasmilt” firm is now working on a project including the exploitation of the Pagiriai anhydrite deposit. The project involves anhydrite mining, a mine with subterranean warehouses, the construction of an overground transport terminal, and the construction of an administration structure. The Pagiriai anhydrite deposit is situated 10.5 kilometers (6.5 miles) south of Kaunas’ city and 2.2 kilometers (1.4 miles) southwest of Garliava. The Pagiriai deposit has 81.5 million tons of well investigated anhydrite deposits.
The “UBIG group” (a commercial kio bank branch) is a management firm with diverse assets in property development, banking, aluminum, mining, logistics, textiles, sports, financial intermediary, and other industries. The Lithuanian Central Credit Union – a national credit union cooperative federation founded in 2001 — is headquartered in Kaunas. The Lithuanian Central Credit Union currently has 61 members.
In Kaunas, there are also some creative firms, such as the top distributor of computer components, data storage media “ACME group,” internet and TV provider, communications JSC “Mikrovisata group,” developer and producer of original TV and embedded technologies JSC “Selteka.” The Kaunas-based joint Lithuanian-German corporation “Net Frequency” provides multimedia and technological services. JSC “Baltijos Programin ranga,” a subsidiary of No Magic, Inc., produces world-leading software modeling tools in Kaunas. In February 2011, the South Korean business LK Technology launched an LED lighting assembly facility in Kaunas. JSC “Baltic car equipment” is a pioneer in the Baltic nations in the production of electronic equipment for autos. It also specializes in the establishment of new telemetry, data bases, and mobile payment initiatives. The Kaunas Free Economic Zone, which was formed in 1996, has also attracted some foreign investors, including the creation of a new 200 MW Cogeneration Power Plant proposal proposed by the Finnish capital business Fortum Heat Lithuania. Air Lithuania had its headquarters in Kaunas prior to its demise. The Kaunas Hydroelectric Power Plant is Lithuania’s biggest.
Some noteworthy modifications are now under development or in the midst of litigation. The Žalgiris Arena, a new landmark of Kaunas, started building in the fall of 2008. It was finished in August of 2011. The Vilijampole area on the right bank of the Neris and Nemunas rivers, near their confluence, is now being discussed for additional development.