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Frontpage / News / Archive / Press release: Vaasan & Vaasan Group's Panevezys bakery extension finalized in Lithuania

11.06.2008
Press release: Vaasan & Vaasan Group's Panevezys bakery extension finalized in Lithuania

Vilniaus Duona's modernized and extended Panevezys bakery started its' operations in Lithuania on June 11, 2008. It is one of the most efficient bakeries in the Baltics, utilizing now the most modern baking technology from dough making to packaging. Vilniaus Duona is part of the Vaasan & Vaasan Group, a leading producer of fresh bread, bake-off, crispbread and other bakery products in Finland and the Baltic region.

“The development of Vilniaus Duona's production structure is proceeding according to plans. Now we have even better prerequisites than before to succeed in the Lithuanian and the Baltic markets also in the future", says Mr.  Kalle Tanhuanpää, the CEO and Managing Director of the Vaasan & Vaasan Group. 

Vilniaus Duona of the Vaasan & Vaasan Group is a clear market leader in Lithuania and it has bakeries in Vilnius and Panevezys. Presently the company is building a new factory in Vilnius, to be opened in the autumn of 2008. In the year 2007 Vilniaus Duona's net sales were 27,6 MEUR (95.3 MLTL) and it employed some 650 persons.

The overall investments to Panevezys counts to nearly 10 MEUR (33 MLTL). The bakery has now e.g. up-to-the minute state-of-the-art automation systems, modern production technology and new production lines based on the know-how of the Finnish Vaasan & Vaasan Group. The extension part of the bakery includes a new distribution unit.

Due to modernization and extension the productivity and production volumes of the Panevezys bakery have increased significantly. It produces both traditional rye and wheat products but also innovative novelties to meet the consumers needs. New, modern production lines guarantee the taste and the freshness of the products.

Further information:

The Vaasan & Vaasan Group:
Kalle Tanhuanpää, Chief Executive Officer,
Tel.
+358 204 46 2003, e-mail: kalle.tanhuanpaa@vaasan.com

The Vaasan & Vaasan Group:

The Vaasan & Vaasan Group is the leading bakery business in Finland and the Baltic region, and the second-largest Nordic operator in bake-off products. Vaasan & Vaasan is also the second-largest crisp bread producer in the world. The Group consists of Vaasan & Vaasan Oy in Finland, A/S Leibur in Estonia, A/S Hanzas Maiznicas in Latvia, UAB Vilniaus Duona in Lithuania, Nordic Bake Off AB in Sweden, and Culinor AS in Norway. Each Baltic subsidiary is the market leader in its own country, while Nordic Bake Off AB is the second-largest producer of bake-off products in Sweden. In 2007 the Group had a turnover of approximately EUR 363 million and it employed some 3,300 people. www.vaasan.com

 


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