Vilniaus Baldai to sign agreements with Isku and Conforama
005. In 2005 Vilniaus Baldai (Lithuania) starts its cooperation with the Finnish Isku furniture sales firm and French Conforama specialized furniture and home appliances sales network.
Jun 28, 2005. /Lesprom Network/. In 2005 Vilniaus Baldai (Lithuania) starts its cooperation with the Finnish Isku furniture sales firm and French Conforama specialized furniture and home appliances sales network.
Vilniaus Baldai designers have already created a collection of furniture ordered by Conforama.
Sales and marketing director Virginia Norkene said that Vilniaus Baldai will sign a long-term agreement with Conforama worth LTL 0.5 million ($174.9 thousand), which will further on exceed LTL 1 million ($349.8 thousand).
Besides, according to Virginia Norkene, an agreement with Isku is currently being agreed. Vilniaus Baldai will provide furniture samples to be sold in Finland, Sweden, Lithuani under Isku brand.
On Monday Vilniaus Baldai opened a modern (and yet the only one in Lithuania ) line to produce cellular boards worth LTL 27 million ($9.4 million).
66.72% of Vilniaus Baldai shares are owned by Invalda investment concern (by March 2005), 7.21% are owned by the clients of Estonian Hansabank. The management owns 4.50% of shares (Alvidas Banis, Algirdas Buchas, Dailus Yosapas Misheikisu).