27.02.2008, 18:30
Narbutas ir Ko Exceeded Their Ambitious Plans for 2007
OREANDA-NEWS. On 27 February 2008 was announced, that the Lithuanian furniture market leader - “Narbutas ir Ko” company exceeded their ambitious plans for the year 2007 and has retained a stable sales growth rate for several years in a row.
In 2007, the sales volumes increased by more than 25 per cent as compared to 2005 and amounted to over 93 million Lt.
The company realized nearly 34 per cent of the total production volumes for more than 31 million Lt. in the domestic market. This is more by 20 per cent than in 2006.
By maintaining its firm positions in the Lithuanian market, the company “Narbutas ir Ko” also actively expands its business abroad. The production export increased by 27 per cent in 2007 and exceeded 61 million Lt. “Narbutas ir Ko” major furniture export destinations are Ukraine, Russia and Great Britain. A marked 62 per cent growth in the sales volumes in the Russian market was achieved in 2007, as compared to 2006. The production of the company is also successfully marketed in Latvia, Germany, Ireland and other countries.
According to the company’s Director General Petras Narbutas “Excellent last year business results and the goals set were achived by offering high quality furniture and individual solutions to both, commercial companies and budget-funded institutions”.
The manager is pleased with successfully implemented and interesting projects in the Lithuanian and foreign countries banks, production and transport companies, services sector and consulting companies.
Seeking to meet a constantly growing demand, the “Narbutas ir Ko” company started the construction of a furniture plant in Ukmergл, the greatest in the Baltic region. Presently, the major part of main construction works have been performed, and the interior finish works are being carried out at a fast pace. The plant will start operation in June of the current year.
“This year we are faced with a challenge we have never seen during 17 years of operation – to ensure an uninterrupted production process and performance of obligations to the clients by moving the main part of production to the new plant in Ukmergл”, says the company’s Director General Petras Narbutas.
After opening the plant, the company’s production capacities will be gradually increased by four times. The company will invest more than 70 million Lt. into the buildings, modern equipment and facilities of the plant.
In 2007, the sales volumes increased by more than 25 per cent as compared to 2005 and amounted to over 93 million Lt.
The company realized nearly 34 per cent of the total production volumes for more than 31 million Lt. in the domestic market. This is more by 20 per cent than in 2006.
By maintaining its firm positions in the Lithuanian market, the company “Narbutas ir Ko” also actively expands its business abroad. The production export increased by 27 per cent in 2007 and exceeded 61 million Lt. “Narbutas ir Ko” major furniture export destinations are Ukraine, Russia and Great Britain. A marked 62 per cent growth in the sales volumes in the Russian market was achieved in 2007, as compared to 2006. The production of the company is also successfully marketed in Latvia, Germany, Ireland and other countries.
According to the company’s Director General Petras Narbutas “Excellent last year business results and the goals set were achived by offering high quality furniture and individual solutions to both, commercial companies and budget-funded institutions”.
The manager is pleased with successfully implemented and interesting projects in the Lithuanian and foreign countries banks, production and transport companies, services sector and consulting companies.
Seeking to meet a constantly growing demand, the “Narbutas ir Ko” company started the construction of a furniture plant in Ukmergл, the greatest in the Baltic region. Presently, the major part of main construction works have been performed, and the interior finish works are being carried out at a fast pace. The plant will start operation in June of the current year.
“This year we are faced with a challenge we have never seen during 17 years of operation – to ensure an uninterrupted production process and performance of obligations to the clients by moving the main part of production to the new plant in Ukmergл”, says the company’s Director General Petras Narbutas.
After opening the plant, the company’s production capacities will be gradually increased by four times. The company will invest more than 70 million Lt. into the buildings, modern equipment and facilities of the plant.
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