As it was published, the project was implemented with the support of Cohesion Fund up to LTL 6.0 million (EUR 1.7 million), project No.VP3-3.4-ŪM-02-K-02-003. After the positive assessment of the prospects the construction of a new biofuel boiler received a bank loan up to LTL 11 million (EUR 3.2 million). A part of the subsidiary's working capital was also used to finance the project.
This was not the first, but the biggest investment project, implemented by Klaipedos Kartonas AB in less than 4.5 years, when it was purchased by GRIGISKES AB. "At this project we will not stop. This project is a solid foundation and, I'd say, a source of financing for future investments in subsidiary's equipment's modernizations and renovations, which would allow to reduce costs and expand production capacity, " - said Mr. Gintautas Pangonis.