Vilnius, Lithuania, 2015-09-28 13:16 CEST (GLOBE NEWSWIRE) -- Pursuing its vision to become recognized in Europe, for the last couple of years the companies of AB GRIGIŠKĖS group concentrated on growing export turnovers. During the first half of this year the company's overall export turnover of tissue paper and packaging products increased by more than a fifth, i.e. 22 percent, and even by 63 percent since 2013. The company implements its development plans by investing into equipment modernization and intends to change its name to “Grigeo”.
According to the president of AB GRIGIŠKĖS, the company consistently reorganized its business and continues to develop. “Step by step we became a group of companies that covers the entire production cycle: from waste-paper collection and recycling, to delivering products to the end user. We also manufacture fibreboards. Recently the company has become a serious paper and wood industry player not only in Lithuania but also in foreign markets, therefore the change of the name and further development is a natural growth phase”, says G. Pangonis.
On September 28, 2015 the boards of AB GRIGIŠKĖS group companies voted and suggested to shareholders to change the names of the companies. The shareholders will make decisions on October 13-14. According to the plan, for the next one and a half year current names of the group companies and the new “Grigeo” name will be used together and from spring 2017 the companies will present themselves under the new name.
Gintautas Pangonis
President of GRIGISKES AB
(+370-5) 243 58 01