# KG Constructions Group opens new factory near Riešė, Lithuania

KG Constructions Group completed a new factory near Riešė, Lithuania, in November 2022, financed by an 18 million euro loan from Luminor Bank. The facility doubles production capacity from 70,000 to 140,000 square meters per year.

- Type: New facility
- Announced: 2023-01-11
- Where: near Riešė, Vilnius district, Lithuania
- Value: $19.2M (18.0M EUR)
- Starts operating: Nov 2022
- Status: completed
- Capacity: 140,000 square meters per year
- Products: aluminum and glass facade constructions, ventilated facades
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [KG Constructions Group](https://endata.com/companies/53531.md)
- [Luminor Bank](https://endata.com/companies/67809.md) (investor)
- [Conresta](https://endata.com/companies/67810.md) (partner)

## Sources

- [madeinvilnius.lt](https://madeinvilnius.lt/en/business/Vilnius-market/the-bank-lends-EUR-18-million-for-a-new-factory-near-Riese/), 2023-01-11: "Gamykla pastatyta praėjusių metų lapkritį, ją statė generalinis rangovas „Conresta“."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.