Siauliai Stumbras results in 2003
23 February 2004
The Siauliai Stumbras leather producer in Lithuania recorded a loss on sales worth euro9 million) in 2003, according to the LETA news agency. The sales figure was substantially lower than in 2002. Final figures for last year will be announced later on. The company had to suspend their production for nearly six months during 2003 due to financial difficulties. Siauliai Stumbras, which are reportedly operating at a third of their production capacity, are actively participating in foreign trade fairs and hopes to increase their production volumes shortly.
