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Lithuania's Nordic Sugar Kedainiai to invest EUR 12 mln into plant upgrade
BC, Vilnius, 12.12.2018.
Print version
Print versionNordic Sugar Kedainiai, a Lithuanian company own by Nordic Sugar, one of the largest sugar producers in Europe, plans to invest 12 mln euros into its plans upgrade, according the Verslo Zinio business daily writes LETA/BNS.
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Around 5 mln euros will be investment into a new sugar beet
handling and washing technological line, and around 7 mln euros will be
invested into the modernization of the boiler-house.
Nordic Sugar Kedainiai
posted a net profit of 5.156 mln euros in the past financial year, down 40.2%
from 8.624 mln euros in the previous fiscal year.
Nordic Sugar owns
70.61% of Nordic Sugar Kedainiai,
with the remaining shares owned by minority shareholders.
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