Baltic Export, Foodstuff, Good for Business, Latvia, Markets and Companies, USA

International Internet Magazine. Baltic States news & analytics Friday, 29.03.2024, 07:48

Latvian Laima doubles marshmallow and chocolate exports to United States

BC, Riga, 07.10.2015.Print version
The joint-stock confectionery Laima doubled its export volume to the United States this year by changing the focus from "duty-free" shops to supermarkets; the company also started producing private brand products exclusively for American customers, as Laima informed LETA.

NP Foods Communications Director Dana Ercina-Uzane says that Laima exported about 140 tons of candy to the United States this year, as compared with 70 tons in 2014.

 

"Export to the United States amounts to one million euros. At the beginning of the year, the highest sales volume was registered at "duty-free" shops in New York, Miami, and Dallas. Laima’s chocolates and marshmallows are now available at "TJ Max", "Dollar Tree", "Tuesday Morning", "Christmas Tree", and elsewhere," said Ercina-Uzane.

 

She also indicated that the company is currently preparing for the Christmas season, which is the best sales period for chocolate and candy producers in the United States.

 

As reported, Laima posted EUR 10.01 million in turnover last year, a 7% decrease on 2013. The company's profit reduced from EUR 5.75 million in 2013 to EUR 343,328 last year.

 

Laima increased exports to more than 37 countries last year, including to the United States, Canada, China, Israel, Great Britain, Ireland, Russia, Belarus, Azerbaijan, Kazakhstan, and Turkmenistan. Export accounts for 15% of the company's turnover.






Search site