Manufacturer of reinforced concrete structures was founded in 1976, in Gelgaudiškis, as Šakiai Shop of Vilnius Reinforced Concrete Plant. Since 1990, it is Šakiai state reinforced concrete plant. In 1993, through privatisation, joint stock company Gelgaudiškio gelžbetonis was founded, which in 1995 was re-registered into a private limited company. The authorised capital of the company is 100 per cent private.
Gelgaudiškio gelžbetonis UAB is a member of the Lithuanian Association of Land Reclamation Companies.