EU – Baltic States, Industry, Investments, Labour-market, Latvia, Markets and Companies

In the future the number of workers will rise more, but exact figures cannot be revealed yet.

Asked about investments made in the new plant, he did not reveal this information because it is against the concern’s policy.

Laurio said at the opening of the plant that the investments improve the labor situation not only in Latvia, but also in whole Northern Europe. The reason the company has decided to build a plant in Latvia is the geographic location that will allow delivery of products to whole Nothern Europe, and also the possibility to attract qualified workforce.

Finnish Ambassador to Latvia Olli Kantanen said that the new plant promotes Latvian-Finnish trade and business relations. He said that investments of Finnish companies in Latvia are growing, and also Latvian companies are investing in Finland. Last year Finnish investments in Latvia totaled EUR 123,000.

The Latvian market is almost like a domestic market for Finnish businessmen, and many Finnish brands are well-known in Latvia. The plant opened today will offer Latvian-made good quality workwear for the Finnish market.

Inga Jaakola, the director of the new plant, said that the pilotproject for making Lindstrom clothing in Latvia was launched in May 2015. In December 2015, Lindstrom headoffice in Helsinki decided to build a plant in Latvia, and the foundation stone for the plant was laid in August 2016.

As reported, Lindstrom decided to invest in a new workwear plant in Tukums, taking over the business of local company GPT Production.

Lindstrom is fully owned by Finnish company Lindstrom Oy.