Grigiskes - Other information

Another successfully implemented investment project of AB Grigeo Klaipėdos Kartonas, subsidiary of AB Grigeo Grigiškės

Vilnius, Lithuania, 2016-09-29 13:32 CEST (GLOBE NEWSWIRE) -- AB Grigeo
Klaipėdos Kartonas, in cooperation with Voith GmbH owned by Voith Paper S.A.,
successfully completed the 1st stage of modernisation of cardboard paper
production machine (hereinafter the PM3 paper machine) and made a decisive step
towards the implementation of the strategic plan which, through the
modernisation of the PM3 paper machine in three stages, will enable the company
to double its production capacity in about 3-5 years. 

The project included full renovation of the paper formation part, modernisation
of drivers, upgrade of the process piping, modernisation of the dryer part and
installation of the new generation automated and control system of all
production line. This stage of modernisation allows to increase the quality
parameters of products, to expand their range and to boost the operating speed
and production volumes of the machine by as much as 30%. It also improves the
work environment and microclimate for employees. The project is valued at 17
million euro. 

The investment allows to secure the stable leadership position in the paper
industry of the Baltic region and strengthen the company on international
markets. 

                                      * * *

AB Grigeo Klaipėdos Kartonas started the year 2016 with successful
implementation of the investment project of the new honeycomb core production
line. The new line allows to expand the production capacity by 2.5 times. The
project value is 1.5 million euro. 

Voith GmbH is the world’s leading paper production machine company founded in
1867, with branches in more than 50 countries and the annual turnover of 5.3
billion euro. 

AB Grigeo Klaipėdos Kartonas was founded in 1898. It is one of the oldest
companies in Lithuania, with the history closely linked to the Lithuanian
business history. The company makes raw material for production of corrugated
cardboard – testliner (used for outer plies of corrugated board) and fluting
(liner for corrugated boards). In addition to its main activities, AB Grigeo
Klaipėdos Kartonas makes cardboard honeycomb core used in furniture, automotive
industry, production of doors and packaging. Every year, the company expands
its activities and gains the leading positions in the paper industry of the
Baltic region. 


         Gintautas Pangonis
         President of AB Grigeo Grigiškės
         (+370-5) 243 58 01