Industry

International Internet Magazine. Baltic States news & analytics Wednesday, 27.07.2016, 08:42

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Nordic Sugar's Lithuanian refinery ups FY revenue as higher prices offset lower output

Nordic Sugar's Lithuanian refinery ups FY revenue as higher prices offset lower output

26.07.2016

Nordic Sugar Kedainiai, the Lithuanian unit of Denmark's Nordic Sugar, one of the biggest sugar producers in Europe, last year posted a 13.5 % revenue growth as a decline in its sugar output was offset by a rise in sugar prices. The company reported 82.799 mln euros in revenue for the last financial year, up 13.5% from 72.932 mln euros a year earlier,writes LETA/BNS.

Keyword tags: Agriculture, Industry, Lithuania, Markets and Companies



Economics Ministry proposes energy efficiency fee in Latvia

Economics Ministry proposes energy efficiency fee in Latvia

20.07.2016

he Economics Ministry is proposing a new fee - energy efficiency fee - with the goal of improving energy efficiency and better supervision of the introduction of energy management systems at companies, according to a draft bill prepared by the ministry, reports LETA/BNS.

Graanul Invest boosts FY revenue 76 pct to EUR 243 mln

Graanul Invest boosts FY revenue 76 pct to EUR 243 mln

19.07.2016

The consolidated sales revenue of the Estonian wood pellet producer Graanul Invest AS grew by 76% y-o-y to 243 mln euros in 2015, informs LETA/BNS.


Latvia shows EU's third steepest rise in industrial production in May

Latvia shows EU's third steepest rise in industrial production in May

14.07.2016

In May 2016 Latvia showed the third steepest industrial production growth in the European Union (EU) against the fifth month of last year, according to Eurostat's data on 25 the bloc's member states writes LETA.

Natural gas tariffs for industrial consumers up 2.6-4% in Latvia

Natural gas tariffs for industrial consumers up 2.6-4% in Latvia

11.07.2016

In July 2016, Latvian natural gas utility Latvijas Gaze has raised gas tariffs for industrial consumers by 2.6-4 % from June, still the tariffs will be by 25 % lower than a year ago, Latvijas Gaze reported, cites LETA.


11.07.2016

Baltic Dairy Board plans on investing EUR 18 mln

Dairy Board, which two years ago under the name of Sigilo KV bought insolvent dairy company Bauskas Piens and with Russian investors’ help started building a plant last year, is now planning on investing EUR 18 mln in development in the next three years, informs LETA.

08.07.2016

Estonian VKG to relaunch oil factories, bring back 350 staff

Viru Keemia Grupp (VKG), the northeast Estonia-based shale oil producer that announced nearly 500 lay-offs at the beginning of this year, is going to relaunch two of its oil plants using the Kiviter technology and rehire 350 workers.

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