Kauno grudai

Type
Business expansion
Country
Lithuania
Region
Lietuva; Vidurio ir vakarų Lietuvos regionas ; Alytaus apskritis
Location of affected unit(s)
Alytus
Sector
Manufacturing
(10 - 11) Manufacture of food and beverage
10.6 - Manufacture of grain mill products, starches and starch products
10.61 - Manufacture of grain mill products
100 jobs
Number of planned job creations
Job creation
Announcement Date
5 October 2018
Employment effect (start)
1 January 2019
Foreseen end date

Description

Kauno grudai, a Lithuanian company engaged in the production of flour and flour products, is to create 100 new jobs in Alytus in 2019. The company is currently building a new fast-food plant which will start operations at the beginning of 2019. Around 100 new jobs will be created in the newly opened plant. The company’s investment in the plant will constitute around €15 million. More than 60% of the new production of the company will be exported to foreign markets. Currently Kauno grudai employs 822 employees.

Citation

Eurofound (2018), Kauno grudai, Business expansion in Lithuania, factsheet number 95641, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/95641.