Omniva has secured a €27m (US$29.3m) green loan from Scandinavian bank SEB to construct a modern automated logistics center in Kaunas, Lithuania, in the second half of 2024.
The 21,000m² hub will be located near Kaunas Airport and the planned Rail Baltica railway line. It will feature solar panels to provide all the energy required to run the center.
“With the opening of the new logistics center, we strategically move closer to the markets of Europe and Central Asia, where we consistently grow our business,” commented Mart Mägi, CEO of Omniva.
According to Mägi, the construction of the Kaunas center aligns with the company’s sustainability goals. Omniva has previously secured green financing for the decarbonization of its fleet, but the new logistics center is the company’s first green loan project.
“It is gratifying to note that Omniva’s upcoming logistics center is the largest new development in the Baltic states so far that qualifies for SEB’s green loan,” Mägi added.
The investment aims to automate and centralize parcel sorting in the Lithuanian market, create a regional hub, and be an attractive partner for major e-commerce platforms.
Peep Jalakas, head of corporate banking at SEB, explained, “Omniva’s new logistics center in Lithuania is an excellent example of how companies can contribute to the implementation of environmentally friendly solutions. The building’s energy class will be A++, which is 38% lower than the limit set for nearly zero-energy buildings in Lithuania.
“SEB is proud to support Omniva’s ambitious project, which not only supports the company’s growth and automates processes but also demonstrates a significant step toward sustainable development.”