Foodstuff, Industry, Investments, Latvia
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Thursday, 18.04.2024, 01:16
EUR 1.5 mln invested in Latvian Laima sweets maker’s plant
Thus, the company has completed the investment program launched last year in upgrade of the production premises and work conditions and improvement of the production process.
Erik Smith-Hansen, CEO of Orkla Confectionery & Snacks Latvija, underscored that investment in the upgrade and moving of the marshmallow and marmalade plant to the historic premises of Staburadze plant has allowed the company to double production of its marshmallow products.
Laima was added to Orkla Confectionery& Snacks Latvija group on February 10, 2016. Latvian food companies Staburadze and Latfood have also become part of Orkla Confectionery& Snacks Latvija.
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.