Grigiskes - Notification on material event

AB Grigeo Grigiškės finished modernization of its corrugated cardboard line

Vilnius, Lithuania, 2016-02-29 11:09 CET (GLOBE NEWSWIRE) -- Following the
successful completion of a number of investments in 2015, AB Grigeo Grigiškės
has started 2016 with more good news. 

Having assessed the market prospects and opportunities, and considered the
needs of its customers, the company has successfully completed a new project in
an investment of EUR 3.8 million with the aim of improving the quality of its
products and raising efficiency of its production. This time, AB Grigeo
Grigiškės has invested in the expansion of its production, storage, and
administration premises and in an upgrade to its corrugation unit. When
operating in three shifts, the unit will allow the output of corrugated
cardboard to be increased by more than fifty percent. 

In addition to increasing production, the project also fulfils the especially
important objectives of improving product quality. Achieving these goals will
further increase customer satisfaction and confidence, while the improvement in
the cardboard cutting precision and optimization of the consumption of raw
materials will have an especially positive impact on the efficiency of
day-to-day operations. 

AB Grigeo Grigiškės is a socially responsible company. It constantly takes care
of the health and safety of its workers in the workplace, so its investments
focus not only on business performance, but also on workers’ well-being. This
modernization project is no exception. Installing upgraded equipment has
resulted in a reduction in noise levels and a lowering of the temperature on
the production floor. Production has become easier to control, and the line has
become even safer for the workers in their day-to-day duties owing to the
especially high equipment operating standards that are guaranteed by the
manufacturer. 

We are glad that the project, due to the careful preparation and hard work of a
competent team, was implemented on time and became especially successful – the
upgraded cardboard corrugation unit has already reached its design
specifications and is running at full capacity. 


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