News

First half sales grows by 42.17%

In the first half of this year "Baltic Block" has sold 70366m3 of finished products, which is 42.17% more than in the respective period of 2018. Andis Šķēle, the Director of company, points out that despite good sales results, the first half of the year has not been as successful as year before.

PALLET BLOCK MANUFACTURER BALTIC BLOCK CONTINUES THE MODERNISATION OF ITS FACTORY

Having received support from the Central Finance and Contracting Agency (CFCA) and co-financing from Citadele bank, the woodchip pallet block manufacturer Baltic Block has purchased and started operating three modern chip processing machines within the framework of the energy efficiency project of the Climate Change Financial Instrument (CCFI).

Investments worth 3.5

Having received co-financing from "Citadele" bank, the Latvian manufacturer of pressed woodchip pallet blocks "Baltic Block" has invested 3.5 million euros in new production technologies and production facilities. The company has also revealed its plans for expanding exports to the USA, United Arab Emirates, Costa Rica, Saudi Arabia and South Korea.

BALTIC BLOCK - A COMPANY FROM LATVIA THAT HAS FOUND ITS NICHE IN FOREIGN MARKETS

By manufacturing a seemingly simple but high-quality product from raw materials available in Latvia, we are developing and building Latvia's reputation as an export country in foreign markets. Andis Šķēle, Director of Baltic Block, reveals the company's ambitions.

Baltic Block: In order to retain workers in regions, they must make the same money as in Riga

In order to motivate workers to stay in their regions, thus also guaranteeing income to the budget of local governments and improving the overall living conditions of locals, employers must be willing to offer wages and social guarantees equivalent to those in Riga.

Caution about 2019 export opportunities

International financial experts predict that this year in Europe may be marked by slower economic growth than in previous years. In addition, large economies such as Germany and Italy are currently experiencing economic stagnation and even recession in certain sectors. Andis Skele, Director of Baltic Block, anticipates that the situation may also affect Latvia's export performance.

Head of the Embassy of the Republic of Korea in Latvia visits Madona county

The head of the Embassy of the Republic of Korea Mr. Seong-Jin Han met with representatives of the "Baltic Block" during a regional visit to Madona. During his visit, the ambassador had a tour through the company's production plant, saw manufacturing process and heard future development plans.

Head of the Embassy of the Republic of Korea in Latvia visits Madona county

The head of the Embassy of the Republic of Korea Mr. Seong-Jin Han met with representatives of the "Baltic Block" during a regional visit to Madona. During his visit, the ambassador had a tour through the company's production plant, saw manufacturing process and heard future development plans.

Head of the Embassy of the Republic of Korea in Latvia visits Madona county

The head of the Embassy of the Republic of Korea Mr. Seong-Jin Han met with representatives of the "Baltic Block" during a regional visit to Madona. During his visit, the ambassador had a tour through the company's production plant, saw manufacturing process and heard future development plans.

Head of the Embassy of the Republic of Korea in Latvia visits Madona county

The head of the Embassy of the Republic of Korea Mr. Seong-Jin Han met with representatives of the "Baltic Block" during a regional visit to Madona. During his visit, the ambassador had a tour through the company's production plant, saw manufacturing process and heard future development plans.

Head of the Embassy of the Republic of Korea in Latvia visits Madona county

The head of the Embassy of the Republic of Korea Mr. Seong-Jin Han met with representatives of the "Baltic Block" during a regional visit to Madona. During his visit, the ambassador had a tour through the company's production plant, saw manufacturing process and heard future development plans.

Head of the Embassy of the Republic of Korea in Latvia visits Madona county

The head of the Embassy of the Republic of Korea Mr. Seong-Jin Han met with representatives of the "Baltic Block" during a regional visit to Madona. During his visit, the ambassador had a tour through the company's production plant, saw manufacturing process and heard future development plans.

Head of the Embassy of the Republic of Korea in Latvia visits Madona county

The head of the Embassy of the Republic of Korea Mr. Seong-Jin Han met with representatives of the "Baltic Block" during a regional visit to Madona. During his visit, the ambassador had a tour through the company's production plant, saw manufacturing process and heard future development plans.

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