AB „Snaige“ has sold the real estate of its su
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Alytus, Lithuania, 2013-10-09 20:49 CEST (GLOBE NEWSWIRE) -- AB “Snaige” has sold subsidiary company OOO “Techprominvest’s” property. OOO “Techprominvest" - the company's refrigerator plant in Kaliningrad, which used to manufacture refrigerators for the Russian market. Its activities were suspended in 2009, when after the ruble devaluation the plant became unprofitable. According to AB “Snaige” CEO Gediminas ?eika, the potential selling of the OOO “Techprominvest” real estate is good news for the company. Having not operating the plant for several years means unnecessary expenses for its maintenance and this damages the consolidated financial result,” - said G. ?eika. “After selling procedures the company will use its recourses in more effective way.”
Managing Director Gediminas ?eika +370 315 56206
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