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The factory announced a few weeks ago that it had successfully produced the first particle board. Today, production is running at full capacity and the plant is equipped with equipment from the German innovator Siempelkamp. This giant is capable of producing 600 thousand. puppy. meters of particle board.
The impressive investments are not yet complete. During the inauguration, Sigitas Paulauskas, the sole shareholder of the VMG Group, revealed that another furniture factory is being built alongside the existing factory, no less impressive. He invited everyone to attend his inauguration.
Photo by A.Repšis / Sigitas Paulauskas
The shareholder further estimated that it took around one million euros to create a job here. At the same time, an employee must produce products for 800 thousand euros per year. Production is automated and all employees are trained and highly skilled. The economic indicators, according to the shareholder, exceed the highest European standards.
He also said that the consensus with the mayor of the Akmen V district, Vitalijus Mitrofanovs, could be recorded in the Guinness Book of Records: he met in the morning and was already handcuffed at night. The land in the Akmenė economic zone was ideal for the factory.
Photo by A.Repšis / Opening of the particle board factory in the Akmenė Free Economic Zone
“The banks trusted us. The government has responded to our requests: road, rail. We would not have traveled that far with enthusiasm,” said the investor.
Immediately after S. Paulauskas, the microphone was taken by the country’s Prime Minister, Saulius Skvernelis, who emphasized that Lithuania is a wonderland with a good environment for investment: “This is not just Akmenė’s success. It is a success for the entire region and for the entire country. It is about investments and risky decisions. They need courage. “
Photo by A.Januševičius / Opening of a particle board factory in the Akmenė Free Economic Zone
Akmenė Mayor Vitaly Mitrofanov revealed that most of the factory workers are locals. Some of them returned from emigration and settled here.
He also mentioned that the real estate market has become more active, rents have risen in price. It is currently possible to rent an apartment in Naujoji Akmenė for an average of 150 euros. The mayor said that the direct benefits to the district’s budget are not great in principle, but without a doubt such a plant will revitalize almost every business or industry in the district and the city.
“By the way, these days we are celebrating the 70th anniversary of Akmenė district. The factory is a great birthday present,” said the mayor after the factory tour.
Photo by A.Januševičius / Opening of a particle board factory in the Akmenė Free Economic Zone
During the construction of this plant, a railway branch was built on the territory of the Akmenė Free Economic Zone and the surrounding roads were improved. As mentioned by the shareholder S.Paulauskas, next to the first factory in Akmenė there is already a second: a cabinet furniture factory, in which about 60 million. euros. It is scheduled to go online next year.
In 2019, the Investor’s Forum recognized the VMG Group as Investor of the Year for “sustainable and value-added investments in the country’s economy.”
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