Emitents | Valmieras stikla šķiedra, AS (5493006XWNR6BLL15O35) |
Veids | Būtiski notikumi |
Valoda | EN |
Statuss | Publicēts |
Versija | |
Datums | 2014-04-17 16:01:11 |
Versijas komentārs | |
Teksts |
JSC “Valmieras stikla šķiedra” informs that through evaluation of
the further development of the company are actions undertaken to
establish the Valmiera Glass USA Corp. in United States of America.
At present the management of JSC “Valmieras stikla šķiedra” is in
conversations with the public institutions of USA about the
possible location of the company and is solving other formalities
needed for the business launch.
For the time being it’s considered that Valmiera Glass USA Corp.
could start active production in the first quarter of 2015,
investing USD 6.5 Million (EUR 4.8 Mill.). The company in the USA
could produce the high added value glass fibre
products.
Preserving the plunge and development of the company in the
long-term, it’s planned to expand the positions of Valmiera Glass
Group in the world market. The foundation of a company in the USA
is a natural, logical and client-oriented step of the business
development. Each year the sales volume in North-America grows. For
example last year compared to 2012 the sales volume grown to 36%,
exporting 14% of the company’s sales straight to USA and Canada.
Through the foundation of the company in USA the production will be
more comfortably accessible to the clients, the terms of delivery
will be shorter, in long-term the profitability of the company will
grow and the partnership with the client will be closer. The new
plant in the USA will give new possibilities of business growth and
will strengthen the positions of the company in the market of glass
fibre products worldwide.
Already informed that since 2013 JSC “Valmieras stikla šķiedra” is
the holding company of the company Valmiera Glass UK Ltd in Great
Britain, positioning both companies together as one Valmiera Glass
Group. The management of the Group based on the tendencies of the
market development and the planned business results of the Group
prognoses that the net turnover 2014 could reach EUR 127.02 Million
where the consolidated net profit EUR 9.31 Million.
Contacts:
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,
www.valmiera-glass.com
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