Finland’s Vaasan & Vaasan Group has invested in extending its operations at the company’s Panevezys Bakery in Lithuania.


The Lithuanian unit of Vaasan & Vaasan, Vilniaus Duona, has spent LTL33m (US$14.7m) on upgrading its Panevezys production site.


The company said that the investment meant that the facility was now “one of the most efficient bakeries in the Baltics”.


“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,” said Kalle Tanhuanpää, CEO and MD of Vaasan & Vaasan.


Vilniaus Duona is the clear market leader in Lithuania and it has bakeries in Vilnius and Panevezys. Vilniaus Duona’s net sales for fiscal 2007 totalled LTL95.3m.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The company intends to further expand its production capacity in the region through the construction of a new factory in Vilnius.