Vakarų medienos grupė
Lithuanian wood and furniture industry group comprising Klaipėdos mediena, Girių bizonas, Sakuona and other subsidiaries.
Last updated September 29, 2026
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Overview
UAB Vakarų medienos grupė (VMG) is a Lithuanian corporate group operating in the wood and furniture industry. The group is composed of several companies, including AB „Klaipėdos mediena“ (founded in 1899), UAB „Girių bizonas“, UAB „Sakuona“, Sakuona, BEI, VMG Technics, Wood Industry, LogDrev and VMG Industry. The holding was founded by Sigitas Paulauskas and the Lithuanian furniture concern UAB SBA, who are the main shareholders. All shares of VMG are held by the Cyprus-registered holding company „VMG Holdings“. The group has reported revenues of EUR 100 million in 2012 (profit of LTL 21.261 million), EUR 120 million in 2008, and LTL 515.3 million in 2013. For 2014, revenue of LTL 718 million was planned, and for 2015, LTL 1 billion. In 2017, the group achieved a profit of EUR 17.484 million.
History
UAB Vakarų medienos grupė (VMG) is a Lithuanian corporate group in the wood and furniture industry. Its constituent companies include AB „Klaipėdos mediena“, founded in 1899, as well as UAB „Girių bizonas“, UAB „Sakuona“, Sakuona, BEI, VMG Technics, Wood Industry, LogDrev and VMG Industry. The holding was founded by Sigitas Paulauskas and the Lithuanian furniture concern UAB SBA, who remain the main shareholders. All shares of VMG are held by the Cyprus-registered holding company „VMG Holdings“. The group reported revenues of EUR 100 million in 2012, with a profit of LTL 21.261 million, compared to EUR 120 million in 2008. In 2013, revenue reached LTL 515.3 million. Plans for 2014 projected revenue of LTL 718 million, and for 2015, LTL 1 billion. In 2017, the group achieved a profit of EUR 17.484 million.
- 2017
Profit of EUR 17.484 million reported
- 2015
Planned revenue of LTL 1 billion
- 2014
Planned revenue of LTL 718 million
- 2013
Revenue of LTL 515.3 million reported
- 2012
Revenue of EUR 100 million and profit of LTL 21.261 million reported
- 2008
Revenue of EUR 120 million reported
- 1899
AB „Klaipėdos mediena“ founded
Products and positioning
Lithuanian wood and furniture industry group with vertically integrated subsidiaries.
Product categories. Wood products · Furniture · Timber · Wood processing
Sources2 sources
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