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Saturday, 20.04.2024, 17:36
Latvia’s Aloja Starkelsen starch maker has made first shipments to South Korea
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He said that the company keeps looking for new markets. As
the company’s positions have already be strengthened in Western Europe and the
US, Aloja Starkelsen is expanding its
operation to the Asian countries and started selling its products in China.
Exports to China have increased this year and the first test
shipments have been made to South Korea.
He said that Aloja
Starkelsen is selling organic potato starch in Asia, but in the future it
plans to expand its product portfolio.
According to Garancs, the company this year plans to focus
on increasing production and sales, and not so much on expansion to new
markets.
As reported, Aloja-Starkelsen
generated EUR 7.621 mln in turnover in the past financial year from September
1, 2015, to August 31, 2016, and increased its profit 20.8% to EUR 287,850,
according to Firmas.lv business information website.
Founded in 1991, Aloja-Starkelsen
is 97.93-% owned by Swedish company Sveriges
Starkelseproducenter Forening.
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