Company briefs - 2008-02-06

  • 2008-02-06
Lithuania's three largest retail chains 's Maxima LT, Iki and Norfa 's intend to open more than 100 stores in 2008. Maxima LT alone will open almost 40 stores this year. "We are planning our activities for five years. Naturally, the strategy of the company sets forth definite plans of expansion. In 2011 we aim to run more than 350 stores in Lithuania," Giedrius Juozapavicius of Maxima LT was quoted as saying. Iki intends to open 40-45 stores in Lithuania and Latvia, while Norfa said it planned to open some 20 stores this year.

The share of A. Le Coq on the Estonian beer market grew from 37.1 percent last year to 40.6 percent in 2007, according to the Estonian Breweries Association. Saku Olletehas, based in the small town of Saku to the south of Tallinn, had a market share of 46.1 percent last year, slightly down from 46.5 percent the previous year. Viru Olu saw its market share inch up to 9 percent from 8.4 percent in 2006.

Klaipeda Stevedoring Company, or Klasco, Lithuania's largest stevedoring company, said it would invest 15.6 million litas (4.5 million euros) this year, particularly in building various terminals. The company has signed a letter of intent with a major West European company on building a fruit and vegetable terminal, Bronislovas Lubys, president and key shareholder of the Achema Group that controls Klasco, said. "We have agreed with them that we will build the facility together…We will take care of all infrastructure, and they will install the interior. In 10 years their interior will become ours 's it's a kind of concession," he told the Baltic News Service.