146 million Euro investments in Akmenė: Western Wood Group plant started operations



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According to the report, equipment installed by German innovator Siempelkamp produced the first particle board at the factory on Friday. The annual capacity of the new plant will reach 600 thousand. cubic meters of chipboard. Production capacity is expected to increase in the future.

According to the investor, the sole shareholder of the VMG Sigitas Paulauskas Group, this will fully guarantee the need for particle board in Lithuania.

“Products produced at the Akmenė plant will give a significant boost not only to the wood and furniture processing industries. Sustainable and durable products will open up new opportunities for construction, finishing, infrastructure, structural wood and other commercial sectors The value created by the project will undoubtedly be reflected in the economic indicators of the entire country, “says S. Paulauskas.

Most of the 140 new jobs created at the factory are for automatic machine operators. The VMG Group has invested an average of around € 1 million in creating a job with high added value. euros

Construction of the new plant was started by VMG Group in 2018. in August. Its official opening is scheduled for September this year.

VMG Group is one of the largest furniture processing and wood processing groups in the Baltic States, uniting 16 Lithuanian and foreign companies with more than 4,000 employees. workers More than 90 percent. The products of the VMG group are exported to foreign countries. 2019 The group’s unconsolidated sales grew 13 percent year-over-year. and reached 394 million. euros

The VMG Group Investor Group praised sustainable and value-added investments for the country’s economy by awarding the 2019 Investor Award.

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