Neo Group has opened its third production line

Neo Group, a PET pellets manufacturer, is developing its production facilities in the free economic zone of the Klaipėda region. Wednesday celebrates 50 million people. A third line production line has been invested in euros, which will enable Neo Group to become the second largest company of its kind in Europe.

Investments were driven by demand

One of Europe's largest producers of PET pellets decided to open a third production line in answer to the ever increasing demand. It is expected that its production capacity will now reach 480,000 t per year, thus strengthening the company's position in foreign markets, both inside and outside the country. # 39; Europe.

It is estimated that 50 m. The cost of the line will increase production by 50% and will be added to the market each year

155,000 t of production and create 35 new jobs. When implementing the production of the new production line, the company 's turnover is expected to exceed 500 million euros per year, of which 400 million euros in revenues will be generated. 39 export. This will enable Neo Group to become one of the largest exporters and taxpayers in the country.

"Not only do we directly create dozens of additional jobs, but we also pay more taxes, we will buy more goods and services from other companies. production will stimulate the process of indirect job creation.We will transport more goods by road, rail and sea, thus increasing the handling rates in the port of Klaipėda.One of the jobs in the manufacturing sector creates 4 -5 indirect jobs, "said Paul Ambrazaitis, chairman of Neo Group.

Famous Klaipėda region

At the opening ceremony of the third production line, Ambrazaitis This project was particularly important for the financial partner Swedbank, the Ministry of the Economy , the municipal administration of Klaipėda district and Invest in Lithuania. The words of Thanksgiving went to the Neo Group project partners, staff, local engineers and all the third line who, whether they were sunny or windy, did their work all the time in order to finish the project on time.

Gintaras Vilda, Deputy Minister of Economy of the Republic of Lithuania, regretted that the Minister of Economy, Virginijus Sinkevičius himself, could not attend the group " Neo Group ", but conveyed his greetings and greetings.

According to Eimanto Kiudulov, head of the Klaipėda FEZ Management who is in the world, so he is happy that the Klaipėda region is always chosen.The investment of Continental in Kaunas is called an age investment, but Neo Group significantly exceeds the size of its total investment.Through Neo Group, a number of companies around the world also know about Klaipeda, "said E. Kiudulas. The chairman of the board of "Neo Group" P. Ambrazaitis explained that the decision to invest was determined by people already reunited, possessing the necessary qualifications and knowledge, and also having the necessary infrastructure.

"We thank the municipal administration of Klaipeda District, the business conditions are good, we feel supported.However, the biggest problem compared to the practice abroad is the slowness of the bureaucratic procedures in Lithuania, which hampers the decision-making process and implements it quickly, "said P. Ambrazaitis, chairman of the Neo Group's board of directors

The most exciting problem for the inhabitants of Klaipėda district is the protection of the environment.A safe environment will be provided next to the inhabitants, and the production activities will not harm their health. "In the third production line, we invested 1 million 39 euros in addition to environmental solutions. As a result, the production capacity will increase by 50%, while atmospheric emissions will be only 6%, "says Ruslana Radajev, CEO

By-products of the PET production process are recycled into polyols used in materials of construction. In this way, the goal of tagging is realized. 2014 The biofuel boiler was commissioned, reducing carbon dioxide emissions by 30 thousand. tons per year. Ongoing investments in energy saving programs have reduced energy consumption by about 5.5 million euros. KW per year, and water consumption – up to 22 thousand. cubic meters per year. The company is already planning a modernization of the production processes that would introduce secondary PET processing technologies

Agnė ADOMAITĖ

Neo Group and Vilija BUTKUVIENĖ fotografė