Construction, Good for Business, Lithuania, Logistics, Transport

International Internet Magazine. Baltic States news & analytics Wednesday, 23.09.2020, 20:32

Citadele to loan EUR 7.3 mln for logistics center of Lithuania's Viciunai food group

BC, Vilnius, 12.08.2020.Print version
Latvian-owned Citadele Bank has agreed to lend EUR 7.3 million to Viciunai Group, one of Lithuania's largest food groups, to help finance the construction of a new logistics and warehousing center, reported LETA/BNS.

The product distribution center is planned to be built in the Kaunas Free Economic Zone by the end of 2020, the bank said. 

Viciunai Group, which has 21 companies in 20 countries, manufactures crab sticks, surimi products and fish, as well as bread, pastry and confectionery products. It exports its products to over 70 markets. 

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