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It is estimated that 50 million The cost of the line will increase production by 50%, while the market will supply 155,000 tons of products per year and create 35 new jobs. An additional production line has been decided by the manufacturer of one of the largest European PET pellets in response to an ever increasing demand for production.
As chairman of NEO GROUP's board of directors, Paulius Ambrazaitis says that the development will help the company further reduce business risks and enhance the credibility of the international. image of the supplier.
"We are already one of the largest suppliers on the European market, and the new production line will only strengthen our position, and from now on we will be able to respond even more effectively to the ever-increasing needs of EU.The chairman of the board of directors of the company stresses that the development of the new production line was of particular importance with the financial partner Swedbank, the Ministry of Economy, l 39; Klaipėda District Administration and "Invest in Lithuania"
Revenues of 500 million euros
The increase in production will stimulate the process of indirect creation of jobs. bring more output by both road, rail and sea, and the handling volume will increase in the port of Klaipėda, – said the chairman of the board of directors.
Implementation of 50 m In the euro-value investment project, the company created 35 new jobs. It is expected that the company 's turnover will exceed 500 million euros per year, of which 400 million euros will be made up of export earnings, when the production of the new production line will be realized. This will enable NEO GROUP to become one of the largest exporters and taxpayers in the country.
"We create not only more than a dozen direct jobs, but we also pay more taxes, buy more goods and services from other companies. The increase in production will stimulate the process of indirect creation of jobs. We will transport more goods by road, rail and sea, thus increasing handling rates in the port of Klaipėda. According to P. Ambrazaitis, only the place of work in the manufacturing sector is created by 4-5 indirect jobs ", explains Ambrazaitis
Environmental attention
The construction of the new production line also focuses on the protection of the environment. # 39; environment. The by-products of PET production are recycled in the polyol used in building materials. In this way, the goal of tagging is realized. 2014 The biofuel boiler was commissioned, reducing carbon emissions by 30 thousand. tons per year. Ongoing investments in energy saving programs have reduced energy consumption by about 5.5 million euros. KW / year, and water consumption – up to 22 thousand.
The company is already planning a modernization of production processes, which would introduce secondary PET processing technologies. Thanks to a team of professionals and a favorable investment climate, NEO GROUP plans to continue its development in Lithuania. NEO GROUP, operating in Klaipėda FEZ, is one of the largest producers of polyethylene terephthalate (PET) pellets in Europe.
The company currently employs more than 200 professionals. NEO GROUP is one of the largest companies in the Klaipeda region and one of the leading exporters in Lithuania.
NEO GROUP belongs to the registered group Retal Industries LTD in Limbadol (Cyprus). Its owner Anatoly Martynov has successfully invested in group development in Lithuania since 2007. Retal Industries operates NEO GROUP, RETAL Lithuania and RETAL Baltic in the country. They employ more than 600 professionals. NEO GROUP and RETAL Baltic operating in Klaipėda – nearly 400, and in Lentvaris and Vilnius – more than 200 employees.
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