Industry, Lithuania, Markets and Companies, Ukraine
International Internet Magazine. Baltic States news & analytics
Wednesday, 02.07.2025, 04:48
Roshen cuts production
BC, Vilnius, 06.06.2019.
Print version
Print versionThe Lithuanian subsidiary of former Ukrainian President Petro Poroshenko's confectionary giant Roshen slashed down production and laid off two-thirds of its workforce as it continued to operate at a loss last year, the business daily aacording to the Verslo Zinios information reported LETA/BNS.
 |
|---|
"The Klaipeda factory is part of the international
group Roshen's network of factories, and production at the corporation is
planned at the group level," it quoted Roshen Nord CEO Zilvinas Urbonas as
saying.
"Last year, it was decided to reduce the Klaipeda
factory's production output for a number of reasons, including the efficiency
of equipment and labor costs," he said.
The caramel factory in Klaipeda saw its annual loss soar to
333,500 euros in 2018. Roshen Nord, which has been operating in the red
since 2011, has an accrued loss of 2.6 mln euros, according to the Center
of Registers.
The company's revenue came in at 5.78 mln euros last year,
down 37% from 9.26 mln euros in 2017.
«The Baltic Course» Is Sold and Stays in Business!
