Grigiškes to Install New Tissue Machine in Lithuania
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Grigiškes AB, Lithuania, plans to increase its tissue production capacity, reporting that it has secured a EUR 10 million loan from Skandinaviska Enskilda Bankens (SEB) and will invest the money in a new tissue machine. As reported by EUWID Pulp and Paper, Germany, the company is currently negotiating with major European machine suppliers on the delivery of the new 25,000 metric tpy machine, but has not made a final choice yet.
Grigiškes employs 270 people and runs three machines with a maximum installed capacity of approximately 25,000 metric tpy of tissue. The new tissue machine is expected to come online by the end of next year and will reportedly replace the two smaller machines TM 2 and TM 3 with a total maximum capacity of 9,000 metric tpy.
Investing in additional tissue capacities should allow Grigiškes to keep pace with the growth in tissue and hygiene products demand in the region, the EUWID report noted. Growth potential in the Baltic countries and in adjacent regions is big given that the annual per capita consumption is up to five times lower than in mature European markets, Grigiškes said. Apart from Lithuania, the main sales markets for Grigiškes's tissue products are Latvia, Estonia, and Denmark.
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