The turnover of Lithuania’s leading electronic engineering solutions company Fima expanded by more than a third to EUR 38 million in 2007. The company’s good showing is due to the strategic decision to focus on large-scale complex and innovative projects. Some 350 professionals currently work at the company.

Last year, Fima successfully completed several projects related to implementation of Schengen Zone requirements of significance to Lithuania. The equipment installed by the company today assists the guarding of the exterior border of Lithuania and the EU.

“Another important event for the company last year was signing the preliminary basic agreement with the NATO Consultation, Command and Control Agency (NATO C3). We are the first enterprise in Lithuania to sign such agreement. The document will facilitate many procedures and offer even more opportunities for projects not only in Lithuania but also in other countries of NATO,” Gintaras Juknevičius, General Director of Fima, says.

Projects to be managed by single contractor

“A new tendency has emerged on the Lithuanian market – coordination of large engineering projects is more and more often performed by a single company, such as Fima, which can provide complex solutions, offer advice, ensure the necessary technical level and meeting of deadlines. The habit of hiring scores of subcontractors is becoming history as an inefficient principle of work,” Juknevičius says.

In his word, the choice of entrusting monitoring and implementation of a complex project to a single company is beneficial to both the customer and the implementing company – efficiency of communication and implementation of tasks tends to enhance, the customer spends less time controlling the project implementation and avoids project management related costs.

Amid the growing number of projects and their complexity last year, Fima established a Project Management Service aimed at ensuring high quality of project implementation through efficient management of resources and monitoring of project implementation.

“We expect the number of complex engineering projects to continue increasing this year, particularly in the construction of large objects of public function – arenas, stadiums, retail complexes, etc. We have started offering specialised video and audio solutions, such as local filming – rebroadcasting, television systems. We plan to expand the portfolio of solutions in 2008,” Juknevičius says optimistically.

Harvest of projects

Among the most significant projects implemented by Fima last year was the installation of passenger flow management, information and video surveillance systems at the new terminal of the Vilnius International Airport and the building management, security systems and information network in the new Seimas plenary hall. Last year, Fima installed Lithuania’s first digital video transmission system in the Šiauliai Arena.