1989
L713 cooperative founded in 1989. It was one of the first cooperatives in Klaipėda region, following legalisation of this type of business in the Soviet Union.
1992
AB Prekybos namai (Trade house) Vita registered in 1992. In the same year, investment companies Invita and Pasoga were founded. They joined the first privatisation stage in Lithuania
1993
Following merger or newly founded and privatised state enterprises in 1993, the Industry and Finances Corporation of Western Lithuania UAB was registered. The main purpose of the newly- established company was to form a team of professional managers capable of strategic management of the Group’s companies.
2000 - 2003 m.
From 2000 to 2003, the total turnover of the Group’s companies reached nearly LTL 1 billion (290 million EUR) every year.
2003
In 2003, reorganisation of the Group’s management structure was completed. The four Board members who previously jointly controlled the entire Group, after the reorganisation they controlled the companies directly by the activity sectors: construction, energy, wood industry, transport. This way, the strategic decision to improve management and attract more investments was implemented.
More about the history
The story of the Corporation goes back to 1989, when Antanas Bosas, Head of the Corporation at that time, together with a group of business partners founded the L-713 cooperative. It was one of the first cooperatives in Klaipėda region, following legalisation of this type of business in the Soviet Union.
AB Prekybos namai (Trade house) Vita was registered in 1992. In the same year, the investment companies Invita and Pasoga were founded. They joined the first privatisation stage in Lithuania.
In 1993, following the merger of some newly-founded and privatised state enterprises, UAB „Vakarų Lietuvos pramonės ir finansų korporacija“ (the Industry and Finances Corporation of Western Lithuania) was registered. The main purpose of establishing a new company was to form a team of professional managers capable of strategic management of the Group companies. Founding of the Corporation in 1993 symbolically coincided with the introduction of the Lithuanian national currency, Litas (LTL). During the first year of activity, the Corporation controlled share packages of 16 companies. In 1994, the number of the controlled companies doubled.
In ten years, the turnover of the companies controlled by the Corporation reached nearly LTL 7.5 billion. Taxes of approximately LTL 1 billion were paid into the Lithuanian budget. Investments amounted to nearly LTL 500 million. Throughout the activity, the companies controlled by the Corporation assigned approximately LTL 5 million to charity and various charity projects.
Throughout the activity period, major holdings of shares of over thirty companies were acquired. The controlled companies were engaged in the energy, wood, oil extraction, transport, and construction sectors. Participation in hotel services and insurance activities was also successfully developed.
Chairman Antanas Bosas
Antanas Bosas was born on 10 June 1955, in Russia (Syktyvkar town, Komi), in a family of exiles.
In 1958, he returned with his parents to Klaipėda district, Lithuania.
1962–1973, A. Bosas graduated from Klaipėda secondary school – boarding school No. 1.
1973–1978, he studied at Kaunas Institute of Polytechnics (now Kaunas University of Technology), in the Faculty of Mechanics, which he graduated from and acquired the speciality of Mechanical Engineer.
1978–1982, he worked as a master tradesman in the Klaipėda shipbuilding company Baltija.
1982–1986, he worked as chief mechanic in the Klaipėda public facilities enterprise Pajūris.
1986–1989, employed in the position of head of the technical division of Gargždai metal processing company Pajūris.
1989 –2004, Chairman of the board of the Industry and Finance Corporation of Western Lithuanian.
1996–2000, was a post-graduate student of management and administration at the Faculty of Economics, Vilnius University. Since 2000 – Doctor of Social Sciences.
2000 –elected to the council of Klaipėda Municipality.
2000–20003 – a member of the council and board of Klaipėda City Municipality, chair of the Property Committee.
2001–2004, Associated Professor of Klaipėda University, lecturer in strategic management and planning.
2004–2008, a member of Lithuanian parliament (Seimas). Chair of the Environmental Protection Committee.
Since 2008, Chairman of the Board and CEO of the Industry and Finance Corporation of Western Lithuanian.
Author of two monographs: „Korporacijų strategijos ir konkurencinis potencialas” (‘Strategies and competitive potential of corporations’), Klaipėda: Klaipėda University Publishing House, 2002; „Strateginis valdymas: nuo korporacijos iki Valstybės” (‘Strategic management: from corporation to the State’); Klaipėda: Klaipėda University Publishing House, 2004); co-author of the monograph „Valdymo problemos: teorija ir tendencijos” (‘Management problems: theory and trends’); Klaipėda: Klaipėda University Publishing House, 2004; and he is the author of several tens of scientific articles.
1999 – A. Bosas played rugby from 1973 to 1999. He was a member of the Lithuanian national rugby team from a member 1985 to 1988, and a multiple champion and winner in Lithuanian rugby.
In 1988, he founded the Kuršiai rugby club in Klaipėda, for which he was a player, coach and president of the club.
2002 – silver medal for merits to Lithuanian sport
2003 – gold medal
2004 – Olympic star
2008 – 2010, president of the Lithuanian Rugby Federation.
- Bosas is interested in strategic management and planning of business structures, State institutions and the whole State.
His hobbies are sports, outdoor activities, fishing, reading, hunting.
He speaks Russian and has a basic knowledge of English.
He is married to Daina Bosienė and has two daughters, Indrė and Magdalena, and a son, Tomas.
