2012 06 26

China’s GRG Banking Equipment set to use Lithuania as springboard for expansion in Europe

GRG Banking Equipment, China’s largest ATM manufacturer, has chosen Vilnius as its central European location for the coordination of all projects implemented across Europe and provision of maintenance services, the Verslo Žinios business daily reports.
Banko „Snoras“ bankomatas
ATM / Juliaus Kalinsko / 15min nuotr.

GRG Banking Equipment hopes to build a team of about 50 various professionals in Vilnius in a couple of years. The first stage of expansion this year will involve the employment of 10 people, including two maintenance experts from China who would provide respective training to workers from Lithuania.

In the future, the center might also get involved in innovative activities, including the creation of new products adapted to the European market and prototypes.

The ATMs manufactured by GRG Banking Equipment are being used by finance-sector clients in Germany, France, Italy, Spain, Russia, Poland, Romania, Ukraine, Turkey.

GRG Banking Equipment, which posted 331.5 million US dollars in turnover last year, is China’s largest ATM manufacturer. The company employs a workforce of about 4,000. It has subsidiaries in Vietnam, Hong Kong, Turkey, Mexico, Iran, and Lithuania.

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