Foodstuff, Good for Business, Investments, Lithuania, Markets and Companies

Currently Vilniaus Duona has a production plant in Vilnius. According to the management's decision, the production line will be moved to a new place and supplemented with three more new production lines. Current plant would be closed until 2015, and construction of new production facilities would begin in 2015, writes LETA/ELTA.

Bread loafs produced by Vilniaus Duona in Lithuania are exported to neighboring countries Estonia and Latvia; where bakeries of the associated company Vaasan is located.

The company's director noted that they target also Poland's market where consumers would be greatly interested in Lithuanian bread, and Russia's market; the company also eyes emigrant communities in Norway, Ireland and the USA.

As reported, starting from October 6, the bakery Vilniaus Duona has started offering the most popular bakery products to retailers cheaper by 14% as the company reached an agreement on lower flour supply prices.

The agreement with flour suppliers will allow reducing the prime cost of various wheat and rye-bread products, the lower prices are also expected to remain unchanged next year, CEO of Vilniaus Duona Rita Ramanauskaite said.

Vilniaus Duona is the largest bread bakery in the Baltics, with three bakeries in Vilnius and Panevezys which employ over 400.