Grigeo Group AB invests more than EUR 106 million in expansion of hygiene paper business

Investment Overview - Grigeo Group AB has announced an investment exceeding EUR 106 million to expand its tissue paper production capacity in Lithuania and Poland [1][5] - The project includes the installation of a new generation double-width paper machine, which will increase annual production capacity to 140 thousand tons, along with two automated paper base conversion lines in Lithuania and one in Poland [1] Financial Details - Over EUR 97 million will be allocated for the modernization and expansion of Grigeo Tissue's production facilities in Grigiškės, while EUR 9 million will be invested in the expansion of Grigeo Tissue sp. z o.o.'s facilities in Poland [2] - The investment loan of EUR 55.2 million for business development in Lithuania is provided by SEB bank AB, and Santander Bank Polska is providing EUR 6.5 million in investment financing in Poland [2] - Grigeo Group AB will contribute EUR 44.3 million to the investment [2] Employment Impact - The project is expected to create up to 80 new jobs in Lithuania and Poland [3] - This investment marks the largest project in the history of Grigeo Group AB [3]