Company briefs - 2006-10-18

  • 2006-10-18
Swix Sport, Norway's skiing equipment and maintenance products maker, intends to set up a plant in Lithuania. The company announced on Oct. 16 the appointment of a deputy CEO vacancy in Lithuania's press. The employee would be responsible for company's operations in Lithuania. The plant is said to set up in renovated industrial premises in the industrial park of Ukmerge, North Lithuania. The sales are to be handled by a new yet to be established company called Swix Sport Baltic. A Norwegian will manage the new Swix plant for the first two years, and later by a Lithuanian national. Swix Sport is headquartered in Lillehammer and produces ski wax, ski poles, other equipment.

The Estonian subsidiary of Latvian based Gutta, a leading Baltic juice producer, said that the turnover of the company grew by 60 percent in Estonia in the third quarter of 2006. According to Gutta Estonia, the sales of its juice products in one-liter packages increased by 98 percent and in two-liter packages by 39 percent. The company's Everest water showed a less dramatic growth of 33 percent, mainly due to exhaustion of production capacities, the company said. Since the beginning of the year Gutta Estonia has sold 5.5 million liters of juices, nectars and juice drinks, 58 percent more than in the same period last year.

Estonian Economy Minister Edgar Savisaar's family company, Fixor Holding, intends to start manufacturing furniture and plans to acquire a majority stake in Saveks Grupp, the business daily Aripaev reported on Oct. 16. Savisaar last week was on a visit to Kazakhstan and declined comment on plans to invest in furniture production and asked that the questions be put to his son Erki, who is manager of Fixor Holding's subsidiary Radington Invest. Erki was also reluctant to throw light on the firm's plans, he admitted that plans to enter the furniture business exist and talks with Saveks Grupp are in progress.