On 2 January 2012, in the implementation of the decision of the Company’s Board adopted on 1 December 2011, AB GRIGIŠKĖS transferred one of the segments of its activities, wood fibre board manufacturing, to its wholly-owned subsidiary UAB Baltwood.

The Board of AB GRIGIŠKĖS adopted this decision in order to improve the efficiency of production processes, optimise the processes of the procurement of main feedstocks, product supply, production, and logistics as well as to reduce costs and improve the profitability of its activity segments.

After the transfer of a part of its activities to the subsidiary, the public limited liability company GRIGIŠKĖS will continue to carry out activities related to the production of hygiene paper products and corrugated cardboard packaging, while UAB Baltwood, where qualified employees currently working in the public limited liability company GRIGIŠKĖS and related to the transferred part of activities will continue to work, will carry out activities related to wood processing.

Grite Family, a product of AB Grigiškės, awarded with the GOLD medal category in the contest “Lithuania’s Product of the Year 2011”

Sanitary tissue Grite Family was awarded with a gold medal among the awards of the contest “Lithuania’s Product of the Year 2011” held on 16 December 2011 in the category of wood processing, furniture, and paper industry.

82 companies operating in 15 industries of the country were nominated in the contest “Lithuania’s Product of the Year 2011”, which is regarded by the business community as the most important national contest. A commission formed by experts of two levels and representing various industries and business segments, having summarised expert opinions, decided to award 83 gold and 15 silver medals to selected products and services.

Upgraded, with natural whiteness, especially soft and durable, three-layer sanitary tissue Grite Family (4 rolls in a package) was launched on the Lithuanian market in August 2008. 8-roll Grite Family packages were introduced to consumers in June 2009. According to the data of market research conducted in October 2010 – October 2011, Grite Family is the leader of the three-layer sanitary paper segment holding a 21.6 % share of this market.

Products are made of sorted processed fibre with exclusive, unparalleled, twig-shaped embossed imprinting. Grite Family rolls are noted for high paper weight and, therefore, are sufficient for a longer time. Grite Family – for the whole family!

16 June 2011 - Biofuel boiler house officially launched in AB “Grigiškės”

AB “Grigiškės” designed and constructed a new 18 MW biofuel-fired steam boiler house. The new biofuel boiler house was constructed and installed within one year from contract signing by General Contractor UAB “Enerstena”. Equipment supplier was the Swedish company Järnforsen Energi System AB.

“We started this project in order to reach larger competitiveness of production and reduce business risk due to constantly and unpredictably rising gas prices. The new biofuel boiler house produces energy from renewable energy sources, i.e. biofuel. Part of biofuel is waste of our own production. We believe it to be a very successful investment, which will reduce the cost of our production”, said AB “Grigiškės” Managing Director Gintautas Pangonis.

In 2008 AB “Grigiškės” submitted the application to PI “Lithuanian Business Support Agency” in order to receive support according to the European Union structural support project “Modernization of Heat Sector through Wider Use of Renewable Energy Resources”. On 31 August 2009 AB “Grigiškės” signed the trilateral funding contract with the Ministry of Economy of the Republic of Lithuania and PI “Lithuanian Business Support Agency”. Construction works were started in summer 2010 and supply of the first heat for production was started already in February 2011.

Total project value amounts to around 19 million LTL, from them 8.86 million LTL comes from the European Union Structural Funds and the state support of the Republic of Lithuania.

Upon implementation of the new project, the company will reduce the cost of heat needed for production process. Twice cheaper biofuel from the wood, comparing to the gas imported from Russia will be used for steam production.

On 16 June 2011 the ribbon to officially open the 18 MW biofuel boiler house was cut during the celebration in the territory of AB “Grigiškės” and the boiler-house was extemporaneously “turned on”. Employees of the company and representatives of organizations that have participated in the project joined the celebration. After the official part the tour of the biofuel boiler house was organized for the guests.

On 5 May 2011. Toilet paper Grite FAMILY 8 – successful 2010 new product in Estonia

Traditionally each year, international market analysis and research company „Nielsen“ selected best new launch products of 2010 in fast moving consumer goods sector.

Hygienic toilet paper Grite Family 8, produced by AB „Grigiškės” was named as most successful new product of 2010 in the paper products group in Estonia.

During evaluation of most successful new launched products were analyzed average monthly sales data during 2010 and conducted online survey of users of the products about the products they most frequently use and are most likely to buy.

AC Nielsen best new launch product certificate

Toilet paper Grite Family 8 Natural white color, extra soft, three plies toilet paper, Grite Family 8 rolls is produced from sorted recycled fiber. Grite Family rolls have more paper weight (0,826 kg±5% netto paper weight per pack), and are more sufficient and lasting for longer period of time.    Grite Family – for all family!

On 20 January 2011 GRIGIŠKĖS AB was acknowledged as the company that made the greatest progress in the three Baltic States in the area of relationships with investors

On 20 January 2011 NASDAQ OMX Baltic securities exchanges in Vilnius, Tallinn and Riga announced the results of the Baltic securities market awards. These annual awards have been organized for already five years. 56 companies in the trading lists of the Baltic Countries exchanges and the members of all three exchanges were evaluated.

On 20 January 2011 Grigiškės AB was awarded as the company that made the greatest progress in the three Baltic States in the area of relationships with investors. The Company’s progress in this area has grown up by 33% during the year. According to Henrik Elfving, the President of NASDAQ OMX Baltic States securities market, in 2010 even 25 companies from the Baltic States improved their relationships with investors and the progress made by Grigiškės AB was the greatest.

'We are very pleased that the competent commission, formed from the representatives of Lithuanian, Latvian and Estonian securities market, evaluated the progress of Grigiškės AB. We really took pleasure in standing on the stage and taking the prize. However, we should also say that this evaluation was not unexpected to us, because during the entire year we worked arduously in order to improve our relationships with investors. We also promise to keep close relationships with the investors in the future and to timely provide qualitative information to the current and potential investors’, said the Company’s Director General Gintautas Pangonis.

Grigiškės AB is one of the few companies that purchase the market formation service to its shares. Since August 2009 the purchased service is intended to increase the shares liquidity and it shows that the Company takes care of the interests of its small shareholders.

Starting from July 2010 the shares of Grigiškės AB have been transferred from the additional list of NASDAQ OMX Vilnius to the Official list.

Grigiškės AB product Grite Orchidea Gold was awarded GOLD medal category in the competition “Lithuanian Product of the Year 2010”

On 30 November 2010 the meeting of the annual competition “Lithuanian Product of the Year 2010” took place at the Lithuanian Confederation of Industrialists, during which the commission of experts awarded GOLD medal to Grigiškės AB toilet paper Grite Orchidea Gold.

The especially soft toilet paper Grite Orchidea Gold of the highest quality, 3-ply, is distinguished by its embossed orange spray form and the stylish package of original design.

Grigiškės AB is constantly developing and improving the manufactured production. Grite Orchidea Gold products are manufactured with modern, fully automated line. The new Lithuanian production of good quality is penetrating to European market and proclaiming Grite’s name. This year during 11 months in Lithuania 6.13 million rolls of Grite Orchidea Gold toilet paper were sold. This is by 57% more than during the same period in 2009.

According to the data of market researches in 2009-2010, the share of Grite Orchidea Gold in Lithuania in its quantitative expression increased from 3.5 to 5%, in Latvia from 9 to 13%. In 2010 Grite Orchidea Gold had around 7% of the entire toilet paper market in the Baltic States. In total over 30 million rolls of the toilet paper Grite Orchidea Gold has been sold.

In July 2010 Grigiškės AB was granted the FSC production chain certificate

In June 2010 BM TRADA Certification division BM TRADA Lietuva UAB performed Grigiškės AB audit, during which it audited the conformities of the wood fiber hardboard to the special requirements of the FSC (Forest Stewardship Council) standards. In July 2010 Grigiškės AB was granted the FSC production chain certificate. This certificate ensures that the wood, acquired from the responsibly managed forests with the harmonized environmental management, social welfare and long-term economic benefit, is used for manufacture of products.

On 3 March 2010 Grigiškės AB acquired AGR Prekyba UAB

On 1 March 2010 GRIGIŠKĖS AB and HANNER AB signed the memorandum on conclusion of the shares purchase-sale transaction. Under this transaction HANNER AB sold and GRIGIŠKĖS AB purchased 100% of AGR Prekyba UAB shares. AGR Prekyba UAB owns 100% of shares of the company AVESKO UAB. The latter owns 96.18% of shares of KLAIPĖDOS KARTONAS AB.

The aim of this transaction is to develop GRIGIŠKĖS AB business of corrugated board and its products.

2007 11 22 - Interim results for October 2007

In October the Group which consists of JSC Grigiskes and daughter enterprise Baltwood LTD reached a turnover of LTL 14.23 mln. (EUR 4.12 mln.) which is by 32.24 % more than for October in 2006 when the turnover was LTL 10.76 mln. (EUR 3.12 mln.) and earned a profit of LTL 1,1 mln. (EUR 0,32 mln.) and it is 57.14 % more than it was in October 2006. Over ten months this year the Group’s turnover outmeasured LTL 119 mln. (EUR 34.5 mln.), comparing with the same period 2006 the sales increased in 20.98 %. Over ten months 2007 the Group earned a profit of LTL 5.98 mln. (EUR 1.73 mln.).