Notification on material event
The new factory of VILNIAUS BALDAI AB is starting operations
The private limited liability company Vilniaus Baldai has now completed the first stage of the new factory project in Guopstos Village, Trakai District. The new factory was built and equipped, new production lines were installed and furniture production was gradually started.
The new factory already produces part of the products, as well as the warehouses for raw materials and goods are now operational. Approximately 90 employees take care of the production processes, their number will increase to 100 in the near future and will continue to grow as the production volumes increase.
After the completion of the first stage, the second stage comprising the relocation is currently underway. It will be completed by the end of 2022.
The factory was built with an investment of EUR 55 million on an 18-hectare land plot located 5 km from Vilnius. The factory area is 73 thousand sq. m.
The A++ energy class Vilniaus Baldai factory has been built in accordance with the highest sustainability standards, based on examples of good practice and taking into account the long-term needs of the company’s main customer.
It is planned that the new factory combined with the implementation of modern process automation, robotisation and technological solutions will allow the company to double its production capacity, to improve working conditions, to increase process efficiency, to reduce the energy consumption, carbon dioxide emissions and waste generated.
Head of Finance
Phone No: +370 (5) 252 57 00