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International Internet Magazine. Baltic States news & analytics Wednesday, 17.10.2018, 12:59

Printful Latvia to invest EUR 1.1 mln in technological development

BC, Riga, 12.06.2018.Print version
Printful Latvija, the printing services provider of Latvia’s Draugiem Group, will invest EUR 1.1 million in technological development, the group’s spokesman Janis Palkavnieks told LETA.

He said that investments in the Printful Latvia plant, which exports its products to European and Asian markets, will total EUR 1.6 million by the end of this year.


Investments made so far in Printful Latvia’s production and technological development have already reached EUR 1.1 million, with total investments exceeding EUR 2.7 million. The plant employs 19 people, and by the end of the year the company plans to hire 20 more printing, clothing, footwear and design specialists.


Printful Latvia CEO Davis Siksnans noted that the company provides its services to 600,000 online stores and that the main goal is to conquer the leading position in Europe and Asia.


According to information available at Firmas.lv, Printful Latvia turned over 2.657 million and earned a profit of EUR 350,000 in 2017.


Printful is outsourcing textile printing services, offering online stores to sell their own print products without having to invest in production equipment. Printful services are used by such brands as Shopify, WooCommerce, Storenvy and others.


Printful Latvia (www.printful.com) is a subsidiary of U.S. company Printful Inc. 






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