According to the daily newspaper “Verslo žinios” on Friday, the sales of Neo Group within nine months of this year were 856 million Litas and were 84 percent higher than the result of the same period last year.

Linas Bulzgys, the Chief Executive of Neo Group, states that this year the turnover of the company will reach the level of 2007.  According to him, this year profitability of the company will probably be the highest one from the beginning of operation of the factory. 

Neo Group having approximately 95 per cent capacity utilisation hopes that the next year will also be successful to the company.  At the beginning of the last year, the company has had 30 clients and now it has about 100 clients.

Company currently is building a polyol workshop which was planned several years ago with a total investment close to 2.2 million Euros.

“We manufacture about 300 thousand tons of PET per year, and plan to manufacture marginal amount of polyol – from 3.5 thousand tone to 7 thousand tons”, says L.Bulzgys.