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.
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