JSC „Valmieras stikla škiedra”: investments planed also for 2014

Date: 11 February 2014
Source: Valmieras stikla škiedra
One of the leading glass fibre manufacturers in Europe, the JSC „Valmieras stikla škiedra” informs, that also for 2014 it is planned to invest round EUR 8 Mio in the development of the company.

The aims of the investments are the development of the manufacturing and modernisation.  

For keeping the company growing in a long term, the started investment program will proceed also on 2014 with investments in the factory, modernisation of its’ technical and technological solutions and purchase of new equipment with the aim to develop new and innovative products, and to gain the production capacity as well. It’s important to mention that for the realising the investment program the company received a loan for the total sum of EUR 2.5 Mio from the JSC “SEB banka”. For the credit aims JSC “Valmieras stikla šķiedra” pledged the property of Cempu Street 13, Valmiera (the commercial pledge is registered in a favour of JSC “SEB banka” on 3rd February). The loan redemption date is on December 2018.

The management of JSC “Valmieras stikla šķiedra” informs, that the unaudited financial results will reflect gratifying results. Despite the growing competition and the relevant proportion of power engineering costs, JSC “Valmieras stikla šķiedra” has reached the record growth of turnover and profit. The unaudited financial statement of the company as at 31st December 2013 will be published in previously given terms in the website of NASDAQ OMX under www.nasdaqomxbaltic.com/.


Marika Nīmante

JSC „Valmieras stikla šķiedra” marketing project manager

Phone: +371 64202276, +371 26635509

Fax: +371 64281216

E-mail: Marika.Nimante@valmiera-glass.com

More information about company: www.vss.lv

600450 JSC „Valmieras stikla škiedra”: investments planed also for 2014 glassonweb.com

See more news about:

Others also read

"Opportunity in the Indian Glass Market - 2014 : Market size, Market share, Market landscape, Market trend analysis, Growth drivers, Future opportunity, Future forecast" provides an insight into the Indian Glass current market scenario, structure and practices.
Coinciding with the fulfillment of the ARTESUN project´s first year (November), the third Project Meeting took place at Corning headquarters in Avon, France    Funded by the European Comission through its Seventh Framework Programme, ARTESUN Project aims to develop organic photovoltaic solar cells (OPV) through the implementation of three full-scale prototypes.
For overview analysis, the report introduces Fire Glass basic information including definition, classification, application, industry chain structure, industry overview, policy analysis, and news analysis, etc   Browse Full Report With TOC @ http://www.radiantinsights.com/research/global-fire-glass-industryFor international and China market analysis, the report analyzes Fire Glass markets in China and other countries or regions (such as US, Europe, Japan, etc) by presenting research on global products of different types and applications developments and trends of market, technology, and competitive landscape, and leading suppliers and countries’ 2009-2014 capacity, production, cost, price, profit, production value, and gross margin.
Dubai Investments (DI) CEO Khalid Bin Kalban has revealed that the Company seeks to examine several expansion opportunities in 2015.
This report was created for strategic planners, international executives and import/export managers who are concerned with the market for nonwired glass sheets of float glass and surface ground or polished glass.
New Business to Support Company's Growing Presence in East and Central African Markets - H.B. Fuller Company (NYSE: FUL) announced today that it has signed an agreement to purchase Continental Products Limited, a provider of industrial adhesives in East and Central Africa.

Add new comment