Grigiskes AB - Notification on material event

GRIGISKES AB manufactured sanitary paper products were awarded the EU Eco-label Flower

Vilnius, Lithuania, 2012-08-06 06:45 CEST (GLOBE NEWSWIRE) -- On August 3,
sanitary paper products manufactured by GRIGISKES AB were awarded the EU
Eco-label Flower. GRIGISKES AB is the first company in Lithuania to be awarded
this label by the Environmental Protection Agency. The EU eco-label is awarded
to goods and services meeting the environmental demands for EU eco-labelling
scheme. 

To produce its eco-products, GRIGISKES AB uses processed pulp or sustainably
managed forest fibre thus saving electricity, using sustainable resources and
reducing environment pollution. These products contain no harmful substances,
are less polluting the environment and are not dangerous to health. 

The EU Eco-label will provide an opportunity to better meet the needs of
business partners. Also, the company will increase its competitiveness on the
Lithuanian and international markets, in particular in the Scandinavian
countries, where environmental protection and promotion of organic products are
given a major focus. It will significantly enhance the company's opportunities
for participation in green procurement (procurement, where the contracting
authority includes one or more environmental criteria in its public tender
conditions, choosing goods, services and work not only by their price and
quality but also lower environmental impact in a single, several or all phases
of the product lifecycle, thus promoting the development of more
environmentally friendly products).With the EU eco-label, the company can
participate in international tendering procedures, offering paper products with
private label and presenting its products on major European trade networks.
Until now, exports to the Scandinavian and other European countries were very
limited, precisely because the company did not have the EU Eco-label. 

This label is important on the Lithuanian market as well. The Lithuanian
Government decree obliging budgetary institutions to significantly increase
their volumes of green procurements became effective in January 2012. This
year, green procurement will have to total at least 25 percent, in 2014 no less
than 30 percent and in 2015 no less than 35 percent of the overall procurement
amount, by volumes and by value. 


         Robertas Krutikovas
         General Director
         (+370-5) 243 58 01