However, Mažvydas Šileika emphasizes that the group has not yet made a final decision regarding the exact scope and location of the new investments. Meanwhile, the group is considering developing the freed-up plot in Kaunas as a real estate or other project.
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“We have no external pressure to do this, but we are thinking about expanding feed production. The current location (where “Kauno grūdai” is – BNS) is not suitable for this because it is in the very center of Kaunas city, so we are considering moving out of the city and building a larger feed factory. One of the possible locations is the Kėdainiai industrial zone (free economic zone, LEZ – BNS). We see this location as an opportunity, we are now doing calculations and project evaluation,” said the group’s deputy CEO for finance and investments Mažvydas Šileika at a meeting with investors on Thursday.
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