UAB "CIE LT Forge" Among Lithuania’s Top Ten Industrial Leaders

UAB "CIE LT Forge" has been included in the Verslo žinios Top Ten Non-Food Industry Leaders. The Marijampolė-based company, which manufactures steel automotive components for global brands, ranked 7th on the list.

The ranking was based on last year’s performance results. “Last year was a record-breaking one for us. We saw the largest sales growth in Scandinavia, particularly for a heavy-duty vehicle manufacturer. However, the situation has shifted this year—while automotive manufacturers focused on rebuilding their inventory levels last year, now their warehouses are nearly fully stocked,” commented Darius Masionis, CEO of UAB "CIE LT Forge," to Verslo Žinios.

For 2024, the CEO predicts moderate growth due to the current market conditions.

The company, which is part of the international CIE Automotive group, also advanced in the Verslo žinios Lithuanian Top 1000 Companies list, released this summer. Based on 2023 revenues, UAB "CIE LT Forge" climbed from 331st to 275th place, entering the top 300 largest companies in Lithuania. In the Marijampolė region, it ranks third.

For more information about the top ten leaders in the non-food industry read here, and explore the Lithuanian Top 1000 Companies list - here (in Lithuanian).