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MWC Shanghai 2023: Innovation Practice of 5G City

Speech by Jaana Husu-Kallio at the Bioeconomy seminar 6 6 2023 in Helsinki

Speech by Jaana Husu-Kallio at the Bioeconomy seminar 6 6 2023 in Helsinki
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SBA Furniture sales company approached EUR 400 million last year

"Even in a challenging time for our business, we have been able to complete strategic projects that lay a solid foundation for increasing our competitiveness in global furniture markets. Last year's investment in SBA Furniture, which was 1.5 times higher than in 2021 and amounted to €72 million, was the largest in the history of the SBA Group. Most of it was invested in the two now operational factories - Inno Line and Kauno Baldus. We are not stopping after the completion of these projects and have decided on new strategic projects which we will take up as soon as the economic situation improves," says Egidijus Valentinavičius, Vice President of SBA Group.

SBA Urban will pursue its strategic expansion through specialised companies

​Andrius Kochanskas – CEO of SBA company Robotex

Lithuania, which pays the most for electricity in Europe, has so far been slow to seize the opportunity to save money through innovation. As a result, our country is at the European Union's tail end regarding robotisation. Statistics show that in 2020, 4.6% of companies in Lithuania used industrial and service robots, compared to an EU average of 7%. Spain is the leader with 11%.

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