JSC "Valmieras stikla šķiedra" experiences significant rise in "Reputation Top"

3. June, 2015

In this year’s Latvian "Reputation Top", JSC "Valmieras stikla šķiedra" ranks third in the textile branch. Inhabitants and companies have rated JSC "Valmieras stikla šķiedra" 32 places higher than in the survey of 2014.

"We are glad that our effort put into forming the company’s public image and into our business operations by strengthening the company’s positions on the global market has resulted in such positive increase in reputation. I am certain that reputation does not build on words alone; it requires purposeful action and forward orientation. JSC "Valmieras stikla šķiedra" has seen rapid growth and development, and I am glad that society evaluates and respects the company’s achievements and investments", says Chairman of the Board Andre Schwiontek.

Paper “Dienas Bizness” states that the rise of the branch’s largest company – JSC "Valmieras stikla šķiedra" – by more than 30 places in the tops upwards was no surprise although its brand is not on view in shop windows. Quoting shares at the stock exchange is fruitful for reputation because regular information on development and financial results is published. Last year, JSC "Valmieras stikla šķiedra" reached their highest net turnover ever; they are profitable under the conditions of increasing competition and even opened production sites in Great Britain and the U.S. Then, their participation in building a Vodafone stadium in Turkey, as well as huge financial investments into creating higher added value – these are a few of the facts that have improved the company’s public image.

The company “Reputation Top” created by the Investment and Development Agency of Latvia, “Nords Porter Novelli”, public opinion research centre SKDS, and newspaper “Dienas Bizness”, is the greatest research of company reputation in the Baltics. Purpose of the Top is to foster development of a business environment in Latvia that is responsible towards society and to introduce new standards in business evaluation.