Another large Lithuanian production is in danger of closing.
The state demands 48 million euros from Griego Kalpeda for the pollution of the Corona Lagoon. The company's revenue in 2025 was 49.5 million with a loss of 2.4 million, so the fine is practically equal to the annual turnover.
Experts warn that if the court approves the decision, the company will face bankruptcy. The Grigao Group has 13 factories, but no one is in a hurry to save the unprofitable factory in Klaipeda.
Griego Klipėda is the largest cardboard manufacturer in the Baltics, creating 159 jobs.