Surimi seafood giant Viciunai Group has secured a €20 million ($22 million) loan with Austrian bank Raiffeisen.

Funds will be used to further the group’s sustainable funding strategy by diversifying sources, and will also help improve Viciunai's competitiveness in Western markets, according to Viciunai Group CEO Sarunas Matijosaitis.

“Our pace of growth requires investment in the product development, new technologies, as well as sustainability," Matijosaitis said.