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Friday, 26.04.2024, 07:25
Orkla Confectionary & Snacks Latvija has invested over EUR 3 mln in development in 2018
He said that of the total amount of investments, 75% was
earmarked for innovations, increase of capacity, labor and food safety
improvements, and 25% was to spend on upgrade of equipment, buildings and
premises,
Didrihsons added that this amount does not include
investment in the new Laima
production plant.
The company's chairman said that the company continues to
see the Latvian market as an attractive one with growth potential, and is
expecting an increase in profits this year.
The company also plans to continue implementing its
long-term investment strategy next year as well.
As reported, Orkla
Confectionery & Snacks Latvija, registered in 2009, has a share capital
of EUR 1.141 mln. The company belongs to Norway's Orkla, which has acquired 100 % in all companies of the NP Foods group: Laima, Gutta, NP Foods,
Staburadze, Staburadzes Konditoreja, Lithuania's Margiris and Detente.
In 2015, Norwegian food group Orkla, which owns Latvia’s NP
Foods group, decided to merge Latvian food companies Laima, Staburadze, Latfood and NP
Foods into one company, Orkla
Confectionery & Snacks Latvija. Also, Latvian Spilva and Gutta
companies were merged into Orkla Foods
Latvija.
In 2016, the company posted EUR 81.196 mln in turnover,
which was by 4.3 % more than in 2016, while the concern's profit reached EUR
3.128 mln.