AB Linas Agro Group ceases enterprise with Russian and

AB Linas Agro Group is re-planning its actions in gentle of the present state of affairs in Ukraine, Group corporations will search various suppliers and won’t plan or execute new transactions with Russian and Belarusian companies. The group may also present help to war-affected Ukrainians.

‘We’re renouncing our commerce relations with Russian and Belarusian corporations and can not purchase any items from them, nor will we provide items to our subsidiaries in these nations. We presently have items on the street from Ukraine, Belarus and Russia for meals and feed manufacturing. We have no idea whether or not they’ll efficiently attain Lithuania and try to evaluate and handle the potential monetary impression, which in any occasion is not going to be vital for the group,’ says Darius Jubas, Chairman of the Board of Linas Agro Group.

AB Linas Agro Group additionally grew to become the proprietor of corporations in Russia and Belarus by buying KG Group about 8 months in the past.

‘We’ve got two corporations in every nation, Russia and Belarus, energetic within the feed and agricultural enter sectors, they’re using 316 individuals. We’ve got been attempting to promote these corporations for a while now and are on the lookout for patrons,’ says D. Jubas.

Final week, AB Kauno Grūdai, a subsidiary of AB Linas Agro Group, donated 10,000 items of assorted merchandise to the NGO Maisto Bankas, which prepares meals packages for refugees arriving from Ukraine to Lithuania. 4 group corporations – AB Kauno Grūdai, AB Linas Agro, UAB Dotnuva Baltic and UAB Linas Agro Grūdų Centrai – will donate 130 thousand euros to Ukraine. The businesses may also contribute to the help of Ukrainian refugees in municipalities.

AB Linas Agro Group is the biggest agricultural and meals manufacturing group within the Baltics, with 75 subsidiaries and three associates working in 8 nations and using 5,398 individuals. The group works alongside the whole meals manufacturing chain ‘from area to desk’: the corporate’s subsidiaries produce, course of and market agricultural and meals merchandise, additionally offering items and providers to farmers.

extra data:

Mažvydas ileika, CFO of AB Linas Agro Group

Crowd. +370 619 19 403

E-mail m.sileika@linasagro.lt

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