Fazer Lietuva, a Lithuanian bakery of Gardesis bread and confectionery trade owned by Finland’s Fazer Bakeries, invested 1.7 mln euros in expansion and opened new bakery facilities in Lithuania’s second city Kaunas on Friday writes LETA/BNS.

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Kaunas Mayor Visvaldas Matijosaitis said the company was one of the city’s key employers, employing 240 Kaunas residents.Mindaugas Snarskis, CEO at Fazer Bakery Baltic, said the bakery featured a new production line of bread snacks, adding that exports of the snacks would grow by a factor of five. Furthermore, the production will be exported to Russia, with plans to expand to Finland in the future, as the company has bakerie sin both countries.

Fazer Lietuva’s sales grew by 3.4% to 16.625 mln euros in 2016 y-o-y.