On 26 November 2018, AS VALMIERAS STIKLA ŠĶIEDRA Chairman of the Management Board Stefan Jugel participated in the annual investor conference CEO Meets Investors, organised by Nasdaq Riga, familiarising investors with the company and the results of its operations.
The Chairman noted at the conference that the company was planning to continue its development in upcoming years. Next year, it is planned to repair the 3rd glass melting furnace in Latvia as well as to finish the initial stage of production at the US subsidiary company.
At the same time, the joint stock company plans that the US subsidiary will reach a profit level equivalent to that of the company in Latvia by 2020. Likewise, it is planned to promote cooperation between the GROUP companies in order to reduce administrative costs and improve the level of automation at the companies in Latvia and the United Kingdom.
“In upcoming years, our priority is to achieve equal profit results at all companies of the GROUP. We see ourselves as a manufacturer of niche products; therefore, in order to compete on the glass fibre products market, we will continue to focus on the production of niche products”, said the AS VALMIERAS STIKLA ŠĶIEDRA Chairman of the Management Board.