AB Kauno Grūdai increases investment in breadcrumb factory

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AB Kauno Grūdai has increased its investment in the breadcrumb factory and borrows 5 million euro.

2024.09.27

Borrows EUR 5 million


AB Kauno Grūdai, a subsidiary of AB Akola Group, has increased its investment in the breadcrumb factory, which it plans to build in Kėdainiai. The company, which has one breadcrumb coatings factory in the Kaunas region, will build a second and more giant factory. Once built, the production capacity will more than double to over 21 thousand tons per year.

Mažvydas Šileika, CFO of AB Akola Group

A plot of land in Kėdainiai with a derelict building has been purchased for the construction of a new factory, which will be renovated and adapted to the needs of the new factory. The more than one hectare site will be used for production facilities, warehouses, and administration, as well as for all the necessary infrastructure. The factory should be operational by the end of March or early April 2025.

Currently, the production capacity of the Kauno Grūdai breadcrumbs factory in Linksmakalnis, Kaunas district, is around 800 tons per month. The new factory will have a breadcrumb production capacity of 1,000 tons per month, or almost 12 thousand tons per year. Once the factory is built, the Group’s breadcrumb production capacity will total nearly 22 thousand tons per year. 24 jobs will be created.

Andrius Pranckevičius, CEO of AB Kauno Grūdai

The main buyers of breadcrumb coatings from Kauno Grūdai last year were the United Kingdom, Poland, and Hungary.

Tadas Jonušauskas, Head of Corporate Banking Division at SEB Lithuania

During the financial year ended 30 June, Kauno Grūdai produced 9.8 thousand tons of breadcrumb coatings, which are used to produce breaded meat, fish, vegetables and dairy products. It sold 8 thousand tons, and the Group’s poultry companies consumed the rest.

About AB Akola Group

AB Akola Group operates the largest agricultural and food production group in the Baltics, with 4.9 thousand employees. The group operates along the entire food production chain from farm to fork, producing, preparing and marketing agricultural and food products, as well as supplying goods and services to farmers. The group’s financial year starts in July and its unaudited revenue for the last financial year was EUR 1.5 billion. In addition to the seed factory in Latvia, the Group plans to launch two new factories for instant noodles and breadcrumbs in 2025.

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