UAB "Grigeo Baltwood"

UAB "Grigeo Baltwood" is a Lithuanian wood-processing company belonging to the Grigeo Group, one of the largest paper and wood-fibre product manufacturers in the Baltic region. The subsidiary operates within the wood fibre and biofuel segment, producing fibreboard products and wood biofuels for regional and export markets. The company is based in Grigiškės, Vilnius (Vilnius city municipality), Lithuania.

Company Overview

Legal name: UAB "Grigeo Baltwood"
Country: Lithuania
Headquarters: Grigiškės, Vilnius, Lithuania (registered office within the Grigeo industrial complex; full street address noted below if available)
Industry sector: Wood processing; wood fibreboard and biofuel (pellets/briquettes) manufacturing
Type: Private limited liability company (Uždaroji akcinė bendrovė, UAB)
Parent company: AB "Grigeo" (listed on Nasdaq Vilnius)

Founding date: Public sources indicate the wood fibre operations in Grigiškės were integrated into the Grigeo Group and reorganized under the "Grigeo Baltwood" name in the late 2000s/early 2010s; an exact legal incorporation date for UAB "Grigeo Baltwood" could not be verified from the sources available during this research session.

Legal Information

Įmonės kodas (company registration code): Not confirmed from publicly accessible sources consulted; available in the Lithuanian Register of Legal Entities (Juridinių asmenų registras).
PVM kodas (VAT code): Not confirmed from publicly accessible sources consulted; available in the Lithuanian VAT register and JAR.
Official website: https://www.grigeo.lt (Grigeo Group site; subsidiary information under group segments)
Official email (group/general): info@grigeo.lt
Registered office address: Grigiškės, Vilnius, Lithuania (exact street address for UAB "Grigeo Baltwood" not verified from the sources consulted; the Grigeo Group’s industrial complex and headquarters are located in Grigiškės, Vilnius).
Main telephone (group/general): +370 (5) [number not confirmed]; direct UAB "Grigeo Baltwood" line not published in the sources consulted.

Note: Precise company and VAT codes, plus the subsidiary’s direct phone and street address, are typically listed in the Lithuanian Register of Legal Entities (JAR) and commercial directories (e.g., Rekvizitai.lt). These identifiers should be verified directly in those registries for the most accurate, up-to-date details.

Business Operations

Main products and services:
- Wood fibreboard products (often referred to as hardboard/softboard depending on density and application)
- Wood biofuels, including pellets and/or briquettes produced from woodworking residues
- Ancillary wood-processing services within the Grigeo value chain

Business model: The company sources wood residues and fibres—primarily from local forestry, sawmills, and internal group operations—and converts them into fibreboard and biofuel products. Sales are directed to construction, furniture, packaging, and heating/bioenergy sectors throughout Lithuania, the Baltics, Scandinavia, and selected EU markets. UAB "Grigeo Baltwood" benefits from group-wide procurement, logistics, and sales channels coordinated by AB "Grigeo".

Market position: Within Lithuania and the Baltic states, Grigeo’s wood fibre segment is among the leading manufacturers of fibreboard products. In biofuels, production capacity and integration with local supply chains position the company competitively for regional heating and industrial energy markets.

History

The Grigeo Group traces its origins to the historic paper and fibre operations in Grigiškės (near Vilnius), with the modern corporate entity AB "Grigeo" evolving through the 1990s–2010s. The "Grigeo Baltwood" subsidiary reflects a strategic consolidation and branding of the group’s wood fibre and biofuel activities, creating a focused entity for fibreboard production and biofuel manufacturing. Key developments include modernization of fibreboard lines, the establishment or expansion of pellet/biofuel capacities, rebranding initiatives as the group unified under the "Grigeo" name, and ongoing investments in energy efficiency and environmental performance. Specific dated milestones (e.g., line commissioning years, capacity expansions) are referenced in AB "Grigeo" annual reports and sustainability disclosures but not individually detailed in the sources available in this session.

Financial Information

Revenue: UAB "Grigeo Baltwood" does not publish separate audited financial statements publicly; its performance is included in the Grigeo Group’s segment reporting. Segment-level revenues and profitability for wood fibre/biofuel are disclosed in AB "Grigeo" annual reports to varying detail.
Funding rounds: Not applicable; as a Lithuanian UAB within a listed group, financing is typically arranged via internal group funding, bank facilities, and the parent’s capital structure.
Ownership structure: UAB "Grigeo Baltwood" is a wholly owned subsidiary of AB "Grigeo" (or owned via intermediate group entities, depending on the current corporate structure). AB "Grigeo" is listed on Nasdaq Vilnius.

Leadership and Management

Vadovai (key executives):
- Director (UAB "Grigeo Baltwood") — not published in the sources consulted during this session; Lithuanian registries (JAR) list the current director and signatory.
- Group leadership (AB "Grigeo") — Chairman/CEO roles are disclosed publicly by AB "Grigeo" (e.g., Gintautas Pangonis has long served as a principal executive and board chair at the parent level). Subsidiary governance generally follows group oversight.

Board members: As a UAB, "Grigeo Baltwood" may operate with a sole director rather than a formal supervisory board; any appointed board or supervisory body members are recorded in the JAR and parent company governance documents.

Office Locations

Main production and registered office: Grigiškės, Vilnius, Lithuania (within the Grigeo industrial complex).
Phone numbers: A direct contact line for UAB "Grigeo Baltwood" is not published in the sources reviewed; group switchboard and segment contacts are provided through AB "Grigeo".

Note: For precise street address and telephone numbers, consult the Lithuanian Register of Legal Entities (JAR) and the Grigeo Group’s contact listings. Commercial directories (e.g., Rekvizitai.lt) typically provide the latest subsidiary-level contacts.

Market Position and Competitors

Market share: Not publicly quantified at the subsidiary level; Grigeo’s wood fibre segment is among the principal fibreboard producers in Lithuania/Baltics.
Competitors: Regional competition spans Baltic and Polish wood-panel manufacturers and biofuel producers. Notable competitors in related segments may include Kronospan (wood-based panels in Lithuania), Estonian and Latvian pellet manufacturers (e.g., Graanul Invest group), and various Polish fibreboard/HDF/MDF producers. Exact competitive sets depend on the specific product category (hardboard/softboard vs. pellets/briquettes) and export markets.
Competitive advantages: Integration within the Grigeo Group’s supply chain; proximity to raw material sources; established regional distribution; investments in modern fibreboard and biofuel lines; adherence to sustainability and certification frameworks (e.g., FSC/PEFC where applicable) reported at group level.

Recent Developments

Recent public disclosures by AB "Grigeo" highlight ongoing efficiency projects, environmental and sustainability initiatives, and selective capacity upgrades across segments, including wood fibre and biofuels. Specific announcements tied uniquely to UAB "Grigeo Baltwood" are limited in the sources accessible during this session; however, the subsidiary continues to operate as a core part of Grigeo’s wood fibre segment, serving construction, furniture, and energy markets in the Baltics and EU.

Contact Information

General (Group) Contacts:
- Website: https://www.grigeo.lt
- Email: info@grigeo.lt
- Phone: +370 (5) [group switchboard number not confirmed in sources consulted]
- Mailing/Registered office (group): Grigiškės, Vilnius, Lithuania (precise street address for the subsidiary was not confirmed; the group’s industrial complex and HQ are in Grigiškės)

Subsidiary (UAB "Grigeo Baltwood") Contacts:
- Specific email/phone: not publicly listed in the sources consulted; typically available via JAR or the group’s segment contact directory.

Sources and References

Because certain Lithuanian corporate identifiers (įmonės kodas, PVM kodas) and direct subsidiary contacts are maintained in official registries, the following sources should be used to verify and supplement details:

Primary sources:
- AB "Grigeo" Annual Reports and Sustainability Reports (latest available editions; segment information for wood fibre and biofuel).
- Nasdaq Baltic (Issuer: AB "Grigeo") — periodic and current reports, governance disclosures.
- Lithuanian Register of Legal Entities (Juridinių asmenų registras, JAR) — official company registration and management data for UAB "Grigeo Baltwood".
- State Tax Inspectorate (VMI) VAT registry — PVM code verification.

Secondary sources:
- Grigeo Group website (https://www.grigeo.lt) — segment descriptions and contacts.
- Rekvizitai.lt — commercial directory entries for UAB "Grigeo Baltwood" (legal codes, address, phone, email, management), subject to periodic updates.
- Industry media and trade publications covering Baltic wood panel and biofuel markets.

Note: This profile aggregates public information available to this research session. For the most accurate and updated legal and contact data, consult JAR and the Grigeo Group’s official communications.