VILNIUS — One of Lithuania’s largest companies, the Achema Group reported a 40 percent revenue loss in 2009, reflecting the downturn in the country’s overall economy.
Alchema, originally a chemical company specializing in fertilizers, expanded during the past few years into logistics, leisure facilities and hotels and paid for its exposure [private_supervisor]as the crisis gripped Lithuania in 2009 taking in only 3 billion litai (€880 million) compared to the previous year’s 5 billion litai (€1.4 billion).
“The main reasons for the revenue loss remain the same — fallen sale volumes and prices,” Achema General Director Jonas Sirvydis said.
The downturn forced the company to lay off about 100 employees over the course of last year.
[/private_supervisor] [private_subscription 1 month] as the crisis gripped Lithuania in 2009 taking in only 3 billion litai (€880 million) compared to the previous year’s 5 billion litai (€1.4 billion).
“The main reasons for the revenue loss remain the same — fallen sale volumes and prices,” Achema General Director Jonas Sirvydis said.
The downturn forced the company to lay off about 100 employees over the course of last year.[/private_subscription 1 month] [private_subscription 4 months]as the crisis gripped Lithuania in 2009 taking in only 3 billion litai (€880 million) compared to the previous year’s 5 billion litai (€1.4 billion).
“The main reasons for the revenue loss remain the same — fallen sale volumes and prices,” Achema General Director Jonas Sirvydis said.
The downturn forced the company to lay off about 100 employees over the course of last year.[/private_subscription 4 months] [private_subscription 1 year]as the crisis gripped Lithuania in 2009 taking in only 3 billion litai (€880 million) compared to the previous year’s 5 billion litai (€1.4 billion).
“The main reasons for the revenue loss remain the same — fallen sale volumes and prices,” Achema General Director Jonas Sirvydis said.
The downturn forced the company to lay off about 100 employees over the course of last year.[/private_subscription 1 year]
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