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Thursday, 25.04.2024, 03:18
Denmark's Furnmaster plans expansion in Lithuania
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The company says that it will release more information about its plans next
month after getting the go-ahead from its shareholder, Denmark's Gabriel.
"We are currently operating in Vilkaviskis and will expand into
Marijampole. We will retain all current employees and will hire additional
workers," Furnmaster Lithuania
CEO Egle Gruodiene told BNS.
The company currently employs 120 people, she said.
Egidijus Jurgelionis of Invest Lithuania, the government's
foreign investment promotion agency, said that he could not comment on the
company's expansion plans at the moment.
Furnmaster Lithuania posted 4.143 million euros in revenue for the financial year ended Sept.
30, 2016, an increase of 88.2% year-on-year.
The Lithuanian company, which was established in October 2012, says that
its main customers are from EU countries.
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