Inno Line News Today

A foundation for further project development

A moderate recovery is forecast

Demand is stabilising

„Sustainability and minimising our environmental impact, this is one of our guiding principles. To this day, just like all other SBA Group companies, we have only purchased green electricity i.e., electricity generated from renewable energy sources. Now, we have decided to go one step further and produce it ourselves. The planned investment in this solar power plant is €2.3 million. The investment in it should pay off within 7 years“, said Ramūnas Marozas, CEO of Inno Line.

„These changes represent a continuation of the operational and management optimisation processes that we initiated earlier this year. We are grateful to Raimonda, under whose leadership the companies of SBA Furniture have overcome many challenges and crises – from the pandemic that disrupted raw materials logistics chains, to the electricity prices shocks, to the aftermath of the Ukraine war. Efficiency, innovation and strategic development will remain the company's priorities when Jurg...

„In order to increase operational efficiency, we have decided to streamline the management structure of furniture companies, and grant even more powers to executives. In addition to their normal production-related activities, company directors will now assume a number of functions in the area of business development. As we modify and optimise the existing management structure, we expect that these changes will further enhance the sense of ownership and our competitive advantage,“ says SBA Vi...

Attractive investment opportunity for various investors

„We are currently going through an unfavourable economic cycle, with a slowdown not only in furniture but also in other manufacturing businesses. The real estate market, which is directly linked to the furniture trade, has also slowed down due to higher interest rates. The economy has cooled down worldwide, but there are positive signs. In recent months, sales have stopped falling and have stabilised, which means that we may be bouncing back from the bottom. But the recovery will not be sudden...

„I am delighted with the initiative of every business and the projects they are implementing for the city's community. The example of this socially responsible company, which is not only concerned about profits and dividends, will hopefully encourage other businesses to contribute to projects that will create more places for active leisure in the city. For its part, the municipality is ready to cooperate and help businesses to implement their good ideas so that citizens can enjoy the bene...

„I am delighted with the initiative of every business and the projects they are implementing for the city's community. The example of this socially responsible company, which is not only concerned about profits and dividends, will hopefully encourage other businesses to contribute to projects that will create more places for active leisure in the city. For its part, the municipality is ready to cooperate and help businesses to implement their good ideas so that citizens can enjoy the bene...