Nemunas AB
Sale date:
1998 year
Company activity:
Production of metal ware
Invested:
€0.3 million (1992)
Dividends received:
€0.05 million
Sales amount:
€1.2 million
The former State-owned manufacturer of metal ware Nemunas launched the production of wires of different parameters, nails, metal network and other metal articles back in 1952. In 1992 the company was privatised after its controlling interest was acquired for EUR 0.3 million by Invalda. In view of the ongoing changes in the market geography (the shift of export destinations to the West) the company had also to restructure its production facilities. Nemunas launched the production of steel wires and nails according to German and British standards. In 1998 shares of Nemunas were sold for EUR 1.2 million to a Latvian company Monald Metals.