Grigiškės (company)

Grigeo AB (formerly ''Grigiškės AB'') - the only paper and wood industry company group in Lithuania, and one of the biggest in the Baltic states. The group comprises the following companies: ''Grigeo AB'', ''Grigeo Packaging UAB'', ''Grigeo Klaipėda AB'', ''Grigeo Baltwood UAB'', ''Grigeo Recycling UAB'', ''Grigeo Recycling SIA,'' and ''Mena Pak AT''. ''Grigeo AB'' is situated at 10 Vilniaus str, in Grigiškės, next to the A1 Vilnius-Kaunas-Klaipėda highway.

800 employees work at the company group. Yearly turnover of ''Grigeo AB'' group is approximately €163 millio

''Grigeo AB'' is a member of ''Lithuanian Forest'' association, ''Grigeo Baltwood UAB'' - a member of European Panel Federation EPF, ''Grigeo Packaging UAB'' – a member of European Federation of Corrugated Board Manufacturers FEFCO. It is the first paper production company in Lithuania, which has been awarded with the IFS HPC Quality Certificate. The company is certified by Ecolabel, SWAN, FSC and other certificates

Grigiškės aqueduct - a protected technical monument - is preserved in the territory of the company.

History

The Grigiškės paper factory was founded in 1923. Grigas Kurecas, a gifted mechanic, hydraulic engineer, and businessman, started building the factory on the confluence of Neris and Vokė. The factory started operating in 1925.

In 1936, the production of white cardboard, cardboard boxes, and wrapping paper started. Before the war started, 300 employees worked in the company. The factory was demolished and burned down on the 12th of July in 1944, when the German army was retreating. It took more than a year to rebuild the factory. From 1980 to 1985, Grigiškės factory was the biggest cellulose and paper production company in Lithuania and employed almost 3000 workers. Grigiškės paper mill also managed the Pabradė and Naujieji Verkiai factories.

''Grigiškės AB'' was established in. 1991. In November of 2003, ''Grigiškės AB'' merged with ''Naujieji Verkiai AB''. In order to carry out a project for the establishment of a new sawmill, ''Baltwood UAB'' was established, which is operating in Grigiškės. In 2010, ''Grigiškės AB'' acquired ''Klaipėdos Kartonas AB'', which currently functions under the name ''Grigeo Klaipėda AB''. The trademark ''Grigeo'' has been in use since 2015. In January of 2019, ''Grigeo AB'' transferred the production of corrugated cardboard to the subsidiary ''Grigeo Packaging UAB'', which was founded in 200

Management

''Grigeo AB'' group produces tissue paper, container-board and honeycomb, corrugated cardboard and packaging, and fibreboards. The group manufactures its products under the principle of circular economy: the used paper and packaging is sent back into the production process.

Household products by AB “Grigeo” trademark ''Grite'':

·       Toilet paper

·       Kitchen towels

·       Folded towels

·       Handkerchiefs

·       Facial tissue

Business products by AB “Grigeo” ''Grite Proffesional'':

·       Toilet paper

·       Paper towels

·       Wiping paper

·       Sanitary pads

·       Paper napkins

·       Dispensers

·       Liquid and foam soa

Production

''Grigeo AB'' has been recognised by markets in Lithuania, Latvia, Estonia, and Scandinavia. ''Grite'' products, manufactured by the company, has won Brand of The Year, held by the daily Verslo žinios together with the market research company Nielsen, and the Lithuanian Product of the Year Award.

In 2018, ''Grigeo AB'' was among the most advanced companies, quoted by Nasdaq stock exchanges in the Baltic states.

References

External links

Official website

{{DEFAULTSORT:Grigiskes (company)
Companies listed on Nasdaq Vilnius
Manufacturing companies of the Soviet Union
Pulp and paper companies
Companies nationalised by the Soviet Union