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The SBA group of companies is launching a new long-term strategy. The SBA and its companies anticipate rapid growth not only in Lithuania but also abroad in the coming years, they intend to invest a third of a billion and create 800 new jobs.
It is estimated that in 2021-2023, the investment of the SBA and its companies will reach 300 million. Eur and most of it will be done this year and in 2022.
Preparing for rapid growth
According to a report released by the SBA, investment will grow in all sectors in which SBA companies operate: furniture, textiles, real estate, and modular high-rise development.
In 2021 alone, SBA companies will create nearly 500 new jobs, and this number will reach 800 in three years.
“All SBA lines of business have ambitious new strategies. Our objective is not only organic development or new investments in manufacturing companies, but also possible acquisitions. We are constantly looking for them. We will evaluate each investment according to strict criteria of sustainability, increased value creation and competitiveness, ”says Arūnas Martinkevičius, President of SBA.
According to him, the new strategy sets three main leadership goals: to become innovation leaders and experts in their industries and to have the most patents, to be the most desirable place for advanced and enterprising people in choosing a career, and to be the most socially responsible among the largest Lithuanian groups.
According to him, already today when working on a new business idea or a new product, the first objective is to make these solutions contribute to a significant change, that they are innovative, competitive and capable of reaching global markets on a large scale. From real estate projects with unique concepts, sustainable and environmentally friendly modular homes, innovative textile products, to robotic solutions and patents in production.
Management changes
The implementation of business strategies will be accompanied by changes in management. The SBA has already refined businesses and their management in recent years by expanding strategic-level competencies. In the last few years alone, three independent members have joined the SBA board and new professionals will be added to the SBA administration in the near future.
“We will further enable and strengthen the boards of directors of the individual business units. Global development requires a global approach, so we will continue to attract professionals with international experience. At the same time, we will increase investments in the education and knowledge of our current employees, which is a priority, ”says A. Martinkevičius.
The SBA intends to focus heavily on social responsibility. The Group and its companies will initiate and contribute to various social responsibility initiatives in the communities and at the national level.
SBA Group is one of the largest in Lithuania and operates in the real estate, textile and furniture manufacturing sectors. The group companies employ more than 5,000 people.
SBA’s furniture manufacturing sector includes SBA baldų kompanija, which manages Klaipėdos baldus, Šilutės baldus, Germanikas, Visagino linija and Mebelain. There is also a fully automated Laminn furniture prefabrication plant operating in the SBA Industrial Innovation Park and an Innovo Logistika logistics center. The SBA also owns one of the largest upholstered furniture manufacturers in the Baltic region, Kauno Baldai.
VŽ has already written that the turnover of the group’s furniture sector last year amounted to 303.6 million. EUR and was 5% lower than in the 2019 record, when sales amounted to 318 million. EUR.
In real estate, the SBA owns the Urban Inventors company, which is developing the Green Hall business valley in Vilnius and the BLC business center in Kaunas. He will also develop a high-tech campus in Riga, about which VŽ has already written. The SBA also owns the investment management company Capitalica Asset Management, which manages the Kauno Dokas business center in Kaunas, 135 in Vilnius and develops the Verde office complex in Riga and has established a green logistics fund.
The SBA textile sector is made up of Utenos Trikotažas together with the Šatrija and Mrija companies. VŽ wrote that although Utenos Trikotažas sales last year amounted to 28.1 million. Eur, fell less than expected in 2020 were not profitable for the company.
The SBA also owns Robotex, a robotics and automation solutions company. SBA has established SBA Modular, a company focused on producing sustainable multi-story modular buildings.
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