This investment, worth, EUR 15,3 million, will take two years to implementing. Grigiskes and swedish SEB signed a loan supply contract of EUR 10,1 million. It is planned to have the new production line operating by the end of next year. The papermachine is the third stage of the investment program, announced in 2011, and the new paper manufacturing machine will replace the two machines, with the lowest output, of the three manufacturing machines that are currently operating.The investment will help the company strengthen its position in the European market, according to Grigiskes.Grigiskes is the biggest manufacturer of sanitary-household paper in the Baltic countries. The company employs about 800 staff members and the annual turnover amounts to EUR 32 million.