August 20, 2017 2:09 PM ET

Aerospace and Defense

Company Overview of AB Giraites Ginkluotes Gamykla

Company Overview

AB Giraites Ginkluotes Gamykla, an arms and ammunition company, specializes in the production of cartridges in Lithuania. It also produces components for cartridges, such as bullet and case cups, steel and lead cores, and bullets. The company was founded in 2000 and is based in Kaunas, Lithuania.

Vijuku km

Uzliedziu sen.

Kaunas raj.

Kaunas,  54306

Lithuania

Founded in 2000

Phone:

370 37 302390

Fax:

370 37 302394

Key Executives for AB Giraites Ginkluotes Gamykla

AB Giraites Ginkluotes Gamykla does not have any Key Executives recorded.

AB Giraites Ginkluotes Gamykla Key Developments

Update On privatization of Giraites ammo plant

Lithuania Government has added AB Giraites Ginkluotes Gamykla to its list of enterprises of strategic importance for national security, which means that the government will not be able to fully privatize the company. The Seimas on Thursday passed the respective amendment in a vote of 71 to one with three abstentions. The parliament's National Security and Defense Committee initiated the amendment, saying that it would be a mistake to sell 100% of shares in the plant in the current tense geopolitical situation.

Lithuania Plans To Sell Giraite Armament Factory

Lithuania Government expects to sell AB Giraites Ginkluotes Gamykla to an investor meeting its national security interests for at least ?€5 million. Potential buyers can submit their bids from March 18 through April 27, 2016. Aleksandras Nikonovas, Cief Executive Officer of Giraites Ginkluotes , is confident that the factory's privatization process will attractinterest from potential buyers. "There will be interest. I have no doubt about that," he said.

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