AB „Snaigė“ will not work for 4 days


Alytus, 9 March 2009. Alytus factory of the only refrigerators producer in the
Baltic states AB „Snaigė“ from 9 March 2009 will not work for 4 days. 

According to the director general Gediminas Čeika, the company meets its
customers‘ demand both by manufacturing new products and selling already
manufactured products form the warehouses. „After the decrease in demand in
main company‘s markets we are seeking not to increase the number of ready-made
products kept in warehouses and to manufacture only the amount for which we
have outstanding orders“ - said Gediminas Čeika. 

According to Gediminas Čeika, effective management of manufacturing processes
and minimization of costs are the main means to assure successful business
activity during current adverse economic period. 

AB „Snaigė“ will restore manufacturing on 16 March 2009.

About AB „Snaigė“

AB „Snaigė“ is the only producer of household refrigerators in Lithuania and
other Baltic countries. The company produced high quality domestic
refrigerators of various models, refrigerators - showcases, refrigerators -
mini bars and wine refrigerators for companies and hotels, freezers and it‘s
replacement parts. More than 97% of the products are exported to Western,
Eastern, and Central Europe. Today over 900 people are working in the “Snaigė“
group. Company owns factories in Lithuania and Kaliningrad. 

Stocks of AB „Snaigė“ are listed on the official list of Vilnius stock
exchange. 

For additional information, please address::
Gediminas Čeika
Director general of AB „Snaigė“
Phone No. 8 685 80933
www.snaige.lt