{"id":40511,"date":"2020-03-05T07:52:32","date_gmt":"2020-03-05T06:52:32","guid":{"rendered":"http:\/\/modern-wilderness.flywheelsites.com\/?p=40511"},"modified":"2020-03-05T07:52:37","modified_gmt":"2020-03-05T06:52:37","slug":"narbutas-expands-production-and-plans-revenue-to-grow-to-e-200-mln","status":"publish","type":"post","link":"https:\/\/officerepublic.news\/en\/2020\/03\/narbutas-expands-production-and-plans-revenue-to-grow-to-e-200-mln\/","title":{"rendered":"Narbutas expands production and plans revenue to grow to \u20ac 200 mln"},"content":{"rendered":"\n

Narbutas company group, specializing in the production and sale of office furniture, is set to start renovations of its manufacturing site and the construction of a new building in Ukmerg\u0117. This will expand the company\u2019s current production area by additional 21,000 sq. m, with the total production area reaching 57,000 sq. m, and will also double the company\u2019s production capacity.<\/strong><\/p>\n\n\n\n

\u201cWe are planning to invest 18 million euros in production alone,<\/em>\u201d said Petras Narbutas, owner of UAB Narbutas International.<\/p>\n\n\n\n

Building completion mid-2021<\/h4>\n\n\n\n

The new building extension, the construction of which will cost around \u20ac10 million, will accommodate furniture production and metal sheet processing facilities. It will also house storage facilities for keeping raw materials and finished products.<\/p>\n\n\n\n

The building is expected to be completed by mid-2021. After Narbutas reaches its planned capacity, it will be able to produce 90,400 desks (the current figure is less than 45,200), 79,900 chairs (the current output is 39,900), among other pieces of furniture.<\/p>\n\n\n\n

> Narbutas Company Profile<\/a><\/div>\n\n\n\n

Revenue expected to increase to \u20ac 200 mln in coming years<\/h4>\n\n\n\n

Narbutas generated a revenue of \u20ac99 million in 2019 and it is expected to increase to \u20ac200 million in the coming years.<\/p>\n\n\n\n

\u201cLast year, we had enough orders to exceed the \u20ac100 million turnover limit. However, our production was unable to keep up with the orders and we had to move them to January<\/em>,\u201d explained Mr. Narbutas.<\/p>\n\n\n\n

According to him, the new facility will allow them to avoid the so-called \u201cbottlenecks\u201d in production. They will also have an opportunity to deploy new technology that the production site currently lacks and thus is forced to outsource some of the production functions.<\/p>\n\n\n\n

If the company continues to grow at a similar pace, after this phase of expansion, production capacity will meet the demand for about a couple of years.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Narbutas plans expansion to USA and other countries<\/h3>\n\n\n\n

\u201cWhen you reach the peak in the face of an approaching crisis, you have to choose between slowing down the production and expanding. At first we wanted to be more careful and built a 7,000 sq. m extension to the current 30,000 sq. m factory. However, considering the current growth, it is next to nothing. For this reason, we needed another 20,000 sq. metres that the new extension will provide<\/em>,\u201c said Mr. Narbutas in his earlier interview to\u00a0Verslo \u017dinios<\/em><\/a>. Currently, the largest markets of Narbutas International are the United Kingdom, France, Germany, and Lithuania. Further expansion is planned in the US and new markets such as Spain, Portugal, Australia, and Latin American countries Peru and Chile.<\/p>\n\n\n\n

The sales growth of Narbutas office furniture is also determined by the fact that the company is constantly adding new products created by Lithuanian and foreign designers to its range.<\/p>\n","protected":false},"excerpt":{"rendered":"

Narbutas company group, specializing in the production and sale of office furniture, is set to start renovations of its manufacturing site and the construction of a new building in Ukmerg\u0117. This will expand the company\u2019s current production area by additional 21,000 sq. m, with the total production area reaching 57,000 sq. m, and will also…<\/p>\n","protected":false},"author":6,"featured_media":40515,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[3091,5312],"tags":[4235],"jetpack_publicize_connections":[],"acf":{"app_afbeelding":false,"app_titel":"Narbutas expands production and plans revenue to grow to \u20ac 200 mln ","app_article":"

<\/p>\n

Narbutas company group, specializing in the production and sale of office furniture, is set to start renovations of its manufacturing site and the construction of a new building in Ukmerg\u0117. This will expand the company\u2019s current production area by additional 21,000 sq. m, with the total production area reaching 57,000 sq. m, and will also double the company\u2019s production capacity.<\/strong><\/p>\n

<\/p>\n

\u201cWe are planning to invest 18 million euros in production alone,<\/em>\u201d said Petras Narbutas, owner of UAB Narbutas International.<\/p>\n

<\/p>\n

Building completion mid-2021<\/h4>\n

<\/p>\n

The new building extension, the construction of which will cost around \u20ac10 million, will accommodate furniture production and metal sheet processing facilities. It will also house storage facilities for keeping raw materials and finished products.<\/p>\n

<\/p>\n

The building is expected to be completed by mid-2021. After Narbutas reaches its planned capacity, it will be able to produce 90,400 desks (the current figure is less than 45,200), 79,900 chairs (the current output is 39,900), among other pieces of furniture.<\/p>\n

<\/p>\n","app_link_title":"","app_link_url":"","app_display":"Ja","bedrijfsnaam":"Narbutas","bedrijfsprofiel_id":24547,"related_profiles":false},"yoast_head":"\nNarbutas expands production and plans revenue to grow to \u20ac 200 mln | OfficeRepublic<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/officerepublic.news\/en\/2020\/03\/narbutas-expands-production-and-plans-revenue-to-grow-to-e-200-mln\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Narbutas expands production and plans revenue to grow to \u20ac 200 mln | OfficeRepublic\" \/>\n<meta property=\"og:description\" content=\"Narbutas company group, specializing in the production and sale of office furniture, is set to start renovations of its manufacturing site and the construction of a new building in Ukmerg\u0117. 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