Stumbras looks to build new factory

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Stumbras looks to build new factory

May 14, 2008
Staff and wire reports

BOOZE IS BOOMING: MG Baltic chief Mockus hopes that the new alcohol factory will help boost Stumbras’ exports to Poland and other EU countries.

VILNIUS - The owners of Stumbras, one of Lithuania’s top producers of alcoholic beverages, announced that they were investing in a new production facility not far from Kaunas. Darius Mockus, president of MG Baltic, a multi-business conglomerate that owns Stumbras, told a news conference on May 9 that the company last year purchased a plot of land close to Kaunas for some 11 million litas (3.2 million euros) in an effort to move production out of the downtown area. Pre-project work is underway ...

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