Žemaitijos pienas is second-largest
dairy product
Dairy products or milk products are food products made from (or containing) milk. The most common dairy animals are cow, water buffalo, goat, nanny goat, and Sheep, ewe. Dairy products include common grocery store food around the world such as y ...
s company in
Lithuania
Lithuania, officially the Republic of Lithuania, is a country in the Baltic region of Europe. It is one of three Baltic states and lies on the eastern shore of the Baltic Sea, bordered by Latvia to the north, Belarus to the east and south, P ...
. Company's name translated to English literally means Samogitia's milk.
Žemaitijos pienas is listed in the
NASDAQ OMX Vilnius
The Nasdaq Vilnius is a stock exchange established in 1993 (''Vilnius Stock Exchange'', ''VSE'') and currently operated by Nasdaq, Inc.. Shares are listed on a Nasdaq Baltic stock exchange together with stocks from Latvia and Estonia.
OMX Viln ...
under the ticker symbol ZMP1L.
History
Žemaitijos pienas was established in 1993. After privatization company built cheese factory. In 1995,
it acquired AB KlaipÄ—dos pienas, and in 1997 Å ilutÄ—s Rambynas AB. Both companies were fully integrated into the concern.
In 2014, due to sanctions on Russia, the company stopped its exports to
Kaliningrad
Kaliningrad,. known as Königsberg; ; . until 1946, is the largest city and administrative centre of Kaliningrad Oblast, an Enclave and exclave, exclave of Russia between Lithuania and Poland ( west of the bulk of Russia), located on the Prego ...
.
Since 2015, the company has started exporting its products to
Chile
Chile, officially the Republic of Chile, is a country in western South America. It is the southernmost country in the world and the closest to Antarctica, stretching along a narrow strip of land between the Andes, Andes Mountains and the Paci ...
.
In 2019, Žemaitijos pienas started producing
Ghee
Ghee is a type of clarified butter, originating from South Asia. It is commonly used for cooking, as a Traditional medicine of India, traditional medicine, and for Hinduism, Hindu religious rituals.
Description
Ghee is typically prepared by ...
butter.
From 2020 Žemaitijos pienas started selling its products online.
In first quarter of 2023, Žemaitijos pienas profit grew by six times.
By end of 2024, Žemaitijos pienas is planning to buy two
wind turbine
A wind turbine is a device that wind power, converts the kinetic energy of wind into electrical energy. , hundreds of thousands of list of most powerful wind turbines, large turbines, in installations known as wind farms, were generating over ...
s from German company
Enercon
Enercon GmbH is a wind turbine manufacturer based in Aurich, Lower Saxony, Germany. It has been the market leader in Germany since the mid-1990s. Enercon has production facilities in Germany (Aurich, Emden and Magdeburg), Brazil, India, Canada ...
for €10 million.
See also
*
Pieno žvaigždės
Pieno žvaigždės is fourth-largest dairy products company in Lithuania., uniting Mažeikiai dairy, Kaunas dairy, Pasvalys creamery and company "Panevėžio pienas".
Pieno žvaigždės is listed in the NASDAQ OMX Vilnius under the ticker sym ...
*
Rokiškio sūris
Rokiškio sūris is one of the largest dairy products company in Lithuania and the largest cheese producer in the Baltic states.
Rokiškio sūris is listed in the NASDAQ OMX Vilnius under the ticker symbol RSU1L.
In 2014, due to sanctions on Ru ...
References
External links
Official website
Dairy products companies of Lithuania
Companies listed on Nasdaq Vilnius
{{Lithuania-company-stub