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Klasmann-Deilmann expanding renewable energy operations in Lithuania and Latvia
BC, Vilnius, 25.11.2016.
Print version
Print versionKlasmann-Deilmann, Germany's peat extraction and substrate production company, is expanding operations in the field of renewable energy, consequently five of the companies it operates in Lithuania, including the country's biggest peat substrate producer Klasmann-Deilmann Silute, will also will step up the focus on the area, Verslo Zinios daily information cites LETA/BNS.
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The operations are expected to generate consolidated revenue
of 7 mln euros next year in companies operating in Latvia and Lithuania.
Kazimieras Kaminskas, CEO of Klasmann-Deilmann group in
Lithuania, said the revenue from biofuel production in Lithuania currently
stood at about 2 mln euros, with the total annual turnover at 32 mln
euros.
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