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International Internet Magazine. Baltic States news & analytics Friday, 29.03.2024, 00:35

Latvian UPB saw 9.6% increase in turnover in 2020

BC, Riga, 11.08.2020.Print version
Construction and manufacturing company, joint-stock UPB, achieved EUR 183.765 million in turnover last year, which was 9.6 percent more than in 2018, while the company's profits fell by 8.7 percent to EUR 8.734 million, writes LETA, according to Firmas.lv.

At the same time, the company points out in its annual financial report that UPB's consolidated turnover reached EUR 213 million last year, compared to EUR 190 million the previous year.


UPB completed a number of major design & build projects last year. The biggest of them is the Boeing 747-8 hangar in Baku Airport, Azerbaijan, the total area of which is 8046 m2. The designers had to account for seismic activity, high winds (41 m/s) and the peculiarities of fire safety regulations. Meanwhile, the Liepaja Olympic Center’s Tennis Hall was completed in Latvia. Last year, UPB signed the contract for the design and construction of the SAGA shopping center, making it the biggest Latvian project in UPB’s history, with a total area of 59,000 m2.


The company also completed the design of a multifunctional building complex in Riga, and signed a contract for its construction. Its construction will involve the latest tech in concrete, glass and wood—such as glass structural columns, automated lifting roof in the central section, frameless self-supporting glass facades and a green roof with solar panels.


Major framework, facade and 3K projects, which combine glass, steel and concrete structures, have been performed for the export market. The most extensive projects completed last year include the headquarters of the beer manufacturer Carlsberg in Denmark, for which UPB designed, manufactured and installed a facade coated in copper and copper composite, as well as the Princeton 13-floor office building in Sweden, and the Parallell 16-floor office building in Norway. The Fargskrappan community building was an impressive 3K project in Sweden. The building has 15 floors, and its frame was built using 760 t of steel and 4090 m3 of concrete, while the facade consists of glass structures of 12 colours (a single element may have up to six different colors), the company informs.


This year, the company will continue work on other big projects, such as the Farringdon West office building in London, built on top of a building for a new line of the London Underground, making it a particularly complex and demanding project at all of its stages of completion, the Platinan office building in Sweden, and the Garda Vesta high-rise building in Sweden, which must meet strict fire and explosion resistance requirements. UPB is also designing, manufacturing and installing steel and concrete structures for the City Gate 37-floor office building in Sweden, which will be 144 m high upon completion; the tallest office building in the Nordic countries.


UPB is one of the largest industrial groups in the Baltics, whose core business is complex building construction, including the design, production and assembly of structures. The largest companies of PB Group include MB Betons, RK Metals, Aile, UPB Energy and UPB Nams. At the moment, UPB employs more than 1,700 people. UPB has representations in ten countries: Latvia, Sweden, Great Britain, Ireland, Norway, Denmark, Germany, Switzerland, Belarus and Azerbaijan.






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