Grigiskes AB - Other information

Grigiškes AB continues to invest in becoming World Class

Vilnius, Lithuania, 2011-02-18 11:11 CET (GLOBE NEWSWIRE) -- On the 18th of
February 2011 Grigiskes AB signed a proactive reliability maintenance service
agreement with the company SKF Lietuva UAB. The aim of the agreement is to
improve the reliability and efficiency of existing production assets. This
contract will last over a period of one year and is part of the company's
strategy to improve their market position. 

Mr. Pangonis, General Director of Grigiskes AB, stated that with the experience
of SKF, a global service provider in the pulp and paper industry with high
quality standards, it will be possible to reduce cost and improve output. The
tissue market is still growing fast and the demand for high quality tissue is
increasing. Also the market for packaging material and wood products is
demanding more and more quality and a great sense of flexibility. 

To support the contract, Grigiskes AB also invested in an extensive
computerized maintenance management system, to help structuring all maintenance
activities and keep an eye on the cost. Because of experience from all over the
world, SKF is in a unique position to help the company with the implementation. 

With these activities, Grigiskes AB continues to fulfill the ambition to
modernize the company in order to become an important player in the market. 


         Gintautas Pangonis
         General Director
         (+370-5) 243 58 01