Industry

International Internet Magazine. Baltic States news & analytics Monday, 19.08.2019, 07:25

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Consolidated turnover of SAF Tehnika telecommunications equipment maker grows 8% in past FY

Consolidated turnover of SAF Tehnika telecommunications equipment maker grows 8% in past FY

15.08.2019

Consolidates unaudited turnover of SAF Tehnika telecommunications equipment maker in the 2018/2019 financial year was EUR 14.443 mln, up 8 % from the previous year, while the group’s consolidated unaudited loss was EUR 414,299, almost twice as large as in the previous financial year, the company said in its statement to the Nasdaq Riga stock exchange.

Keyword tags: Baltic Export, Industry, Latvia, Markets and Companies, Technology



Karavela turnover amounted to EUR 25 mln in H1

Karavela turnover amounted to EUR 25 mln in H1

14.08.2019

Fish cannery Karavela turned over EUR 25 mln in January-June, which is a slight increase on the first half of 2018, the company's marketing director and co-owner Janis Endele told LETA.

Olainfarm pharmaceutical group looking for new CEO in international tender

Olainfarm pharmaceutical group looking for new CEO in international tender

14.08.2019

Latvia’s listed Olainfarm pharmaceutical group is organizing an international tender to pick a new chairman for its management board, the company said in a statement to Nasdaq Riga.


Environmental management co opens EUR 2.6 mln tire recycling plant in Latvia

Environmental management co opens EUR 2.6 mln tire recycling plant in Latvia

12.08.2019

The environmental management company SIA Eco Baltia vide has opened a new tire recycling plant in Latvia, which is projected to recycle at least 6,500 tons of tires collected in Estonia and Latvia every year, the company's investment in the plant totaled 2.6 mln euros, informed LETA/BNS.

Electronic systems plant to be built in Ogre for EUR 6.28 mln

Electronic systems plant to be built in Ogre for EUR 6.28 mln

08.08.2019

Ogre Region Council has signed a EUR 6.28 mln contract with company Arcers on construction of an electronics plant at 74 Akmenu Street in Ogre in order to revitalize the degraded area that is part of Parogre Industrial Zone, as Ogre Region Council informed LETA.


07.08.2019

Latvia: Manufacturing sector growth increasingly constrained by wood industry

Growth in the manufacturing subsectors remains heterogeneous: in some subsectors, growth is hampered by weakening external demand, while others are still facing capacity-related issues on the supply side, i.e. the shortage of equipment and staff. Overall, however, the influence of external factors is becoming more pronounced.

07.08.2019

Fortaco invests in increased steel fabrication capacity at Fortaco Estonia OU

Fortaco Group, the largest manufacturer of steel fabrications in Europe, has started a capacity extension project of over 10 mln EUR in Narva, Ida-Virumaa, Fortaco`s representative informed BC.

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