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International Internet Magazine. Baltic States news & analytics Monday, 15.10.2018, 13:55

Imlitex Holdings to export products via Klaipeda port and Riga

BC, Vilnius, 23.01.2018.Print version
Imlitex Holdings, commodity distribution group that used to export the most of its agriculture output via the Riga port until now, will direct some of the production via the Lithuanian port of Klaipeda, informed BC the company.

The company announced signature of a long-term contract with Bega, one of the largest stevedoring companies in Lithuania.

 

Gytis Svilainis, marketing chief at Imlitex Holdings, told BNS that the production will be exported via both ports from fall.

 

Imlitex Agro CEO Asta Vaiciulyte told BNS that the company would not reveal the grain exports numbers or proportions due to confidentiality reasons.

 

Bega is currently expanding terminal capacities, building six new reservoirs of 12,000 cubic meters each, with some of them intended for grain of Imlitex Holdings' subsidiary, Imlitex AgroBega is investing 5 million euros in the first grain handling complex, with a total investment of 25 million euros within three years.

 

Imlitex Agro is currently building a grain elevator with capacity of 30,000 tons of grain in Kretinga, close to Klaipeda.

 

In 2016, the Imlitex Holdings group posted turnover of 244.983 million euros, up by 5.4% year-on-year, while consolidated profits fell by 36% to 1.548 million euros.

 






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