Notification on material event
K2 LT is planning capacity expansion investments
K2 LT owner of Lietuvos Krematoriumas and ritual funeral services provider Rekviem LT is moving further with its expansion strategy – Board of directors approved the decision to prepare plan for cremation capacity investment of up to 2 million euros. Additional cremation capacity line possibly would be installed by a German company IFZW, which has also installed the two current lines. The capacity of the new line is planned to be 5000 cremations per annum. The investment decision will be included in the nearest shareholders’ meeting agenda to be approved.