High value investment in glass fibre mat production development

JSC “Valmieras stikla šķieda” (JSC “VSŠ”) concluded the contract Nr. L-APV-14-0122 with the state agency „Investment and Development Agency of Latvia” (LIAA) on project “Valmiera glass fiber high value investment in glass fiber felt production development” implementation with the financial intensity 45% of attributable costs or EUR 900 000.00, including EUR 761 185.30 European Regional Development Fund co-financing (85% of the support), with EUR 138 814.70 state budget co-financing (85% of the support).

The project is implemented in accordance with European Regional Development Fund co-financing. The implementation of the project was launched on the 11th of July, 2014 and will be concluded on the 11th of September, 2015.