Vilkyskiu Pienine - Notification on material event

AB Vilkyskiu Pienine group is to build a new whey processing facility in the town of Taurage

AB Vilkyskiu Pienine group is to build a new whey processing facility in the
town of Taurage at Gaures Str. 23. 
The project will enable the company to implement one of its strategic goals to
achieve a more “downstream”  processing level and start making a basket of
products with higher added value. 
This is expected to boost the dairy processor’s competitiveness and improve its
bottom line. 
The project is estimated at EUR 26m, with both self-financing and borrowed
capital to be used as sources of funding. 
The project is scheduled to start in February 2016, with completion date set
for Q1 2017. 



         Gintaras Bertasius
         General director
         Tel.: +370 441 55 330