Snaige, the Baltics' sole refrigerator manufacturer, has signed a contract with an unknown international group, based in a Western country, to produce refrigerators for the Russian market under the latter's brand name. "This will help to increase production at the Kaliningrad plant and increase its efficiency," said Snaige CEO Mindaugas Sestokas, "We don't plan to boost capacities this year." He declined to give any details about the contract, citing confidentiality reasons. Snaige recently bought a Russian company, Liga Service, as part of its expansion plans. The Lithuanian company expect...
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