Last update: 23.11.2024 08:41 (GMT+2)
Vilniaus Vingis AB Stock Exchange Release 26.09.2005
Vilniaus Vingis AB is establishing two subsidiaries
On September 23, 2005 the Board of Vilniaus Vingis AB decided to establish
two subsidiary companies of Vilniaus Vingis AB: Vilniaus Vingio Gija UAB and
Vilniaus Vingio Mechanika UAB. Vilniaus Vingis AB will be an exclusive
shareholder of both subsidiaries. They will start production activity on
January 1, 2006 and will perform the functions of three structural divisions
of Vilniaus Vingis AB (they are Gija, Maga and Įrankių gamyba).
Vilniaus Vingio Gija UAB main activities will be moulding of plastic parts,
machining and stamping, electroplating operations (currently these functions
are performed by division Gija). Vilniaus Vingio Mechanika UAB will design
and manufacture tools and equipment for various purposes (these activities
are carried out by divisions Maga and Įrankių gamyba).
Vaclovas Šleinota
General Director
(+370 5) 239 25 00