AB „SNAIGĖ“ - NASDAQ OMX Baltic

Consolidated annual report for year 2008
In 1997 English auditing firm “Bureau Veritas Quality International” approved the compliance of the
Company’s quality management system with the requirements of ISO 9001 quality standard. The
international standard ISO 9001 is a quality system providing the opportunity to ensure stable quality of the
product. All refrigerators are granted international certificates.
In 1998 the technology of plastic processing was renewed.
In July 2000, three years since certificate was issued, “Bureau Veritas” re-certified the quality management
system of AB “Snaigė”. The audit reports showed that the Company had been using, updating, maintaining
and improving the quality management system and it complies with the requirements of ISO 9001 standard.
AB “Snaigė” was granted the quality management system certificates holding the accreditation marks of
Germany, UK and the Netherlands.
The Company is continuously solving environmental issues. In 2001 these efforts were appraised by the
environmental management system certificate ISO 14001.
In 2002 AB “Snaigė” purchased OOO „Snaigė – Ukraine“.
In March of 2004 a new plant was launched in Kaliningrad, which allowed increasing export volumes to
Eastern Europe.
In October of 2004 the Company purchased OOO „Moroz – Trade“. The activities of this subsidiary
company comprise sales and marketing services.
In January of 2006 the Company acquired OOO „Liga Servis“. The activities of this subsidiary company are
sales and marketing services.
On 30 October 2006 a subsidiary company UAB “Almecha” was established. The main business activity of
“Almecha” is design, manufacturing and installing of machinery and equipment
In December 2006 the Company acquired 100% of OOO “Techprominvest” shares. The main activity of the
acquired company is production and sales of refrigerators.
In April 2007 Company started production of new refrigerators line “Snaige Ice Logic”
In November 2007 new refrigerators line “Snaige Ice Logic” has been awarded in annual competition
“Innovation 2007” in “Inovative Product” category.
In December 2007 Lithuanian confederation for industrialists has organized annual competitions
„Lithuanian product of the year“. Under the equipment, electronics and electro mechanics industry products
category a domestic refrigerator RF 34SH S10001 received a golden medal award
2.9.4 Important events in Company’s business during 2008
2.9.4.1 list of the most important events
April 2008 Mindaugas Šeštokas resigned as a board member of AB “Snaigė”. Robertas Beržinskas was
elected as a new board member.
September 2008 statutes with increased share capital were registered at register of legal entities. The
increased share capital was 27 827 365 LTL. The nominal value of one share – 1 LTL.
September 2008 partially EU financed project “AB “Snaigė” employees’ entrepreneurship education” was
completed successfully. 271 employees have successfully completed this training.
2.9.4.2 Awards received during 2008
„Lithuania product of the year“
On December 2008 Lithuanian confederation for industrialists has organized
annual competitions „Lithuanian product of the year“. For the eight time AB
Prepared by UAB FMĮ „Orion Securities“ p. 20