Lithuanian ventilation system company Amalva investing in Riga factory
2017-10-27, 10:03
Published in
Economy
AFP Scanpix / William West
Amalva Baltija, a ventilation system and equipment company of Audrius Menkevicius, is investing EUR 10 million in a factory in Riga and Amalva, another company owned by the Lithuanian, is investing EUR 5 million in production and administrative buildings in Vilnius, the business daily Verslo Zinios reported on October 26th. "Our plan is to lease the buildings, but there are no final decisions yet," it quoted Amalva CEO Albinas Cepla as saying. Contestus Projektai, the designer of the buildings in Vilnius, says on its website that construction on the industrial and warehouse buildings started in the third quarter of this year and is slated to be completed by the end of 2019. The factory in Riga is planned to be completed in the spring of 2018.
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