VILNIUS - Masinu Perdirbimas (Electro-nic Machines Processing), the largest recycler of electronic waste in the Baltics, announced a 34.3 percent rise in sales to 28.2 million litas (8.1 million euros) for 2005, up from 21 million litas in 2004.
"The sales growth was largely due to our expansion into foreign countries. Last year, we set up companies in Poland and Estonia," said EMP CEO Almon-tas Kybartas.
The company entered the Swedish market last year and plans to establish subsidiary companies in Finland and Nor-way, as well as in an unnamed Western European country, this year.
EMP recycled around 2,000 tons of waste last year, including 1,500 tons of electronic waste. That was down from 2,000 tons of electronic waste it recycled in 2004.
"With a new recycling requirement in place, we expect to recycle 4,000-5,000 tons of electronic waste this year," Kybartas said.
EMP has electronic waste recycling units in Vilnius, Kaunas, Klaipeda, Siauliai and Marijampole. Its Lithuanian operations employ 91 people.
The company also has subsidiaries in Latvia and Kazakhstan