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“Swedan Partners” receives the status of Liepaja Special Economic Zone Commercial Company
14 december, 2017
The Board of Liepaja Special Economic Zone, after evaluating documents submitted by limited liability company “Swedan Partners”, including business development plan, decided to grant the status of Liepaja Special Economic Zone commercial company to “Swedan Partners”. In 2018, the company plans to invest in new technologies 400 thous. EUR and to create at least 5 new work places.
Limited liability company “Swedan Partners” is a metal processing company with Danish capital, which is working in the Liepaja Business Centre at Kapsede street since 2009.
Main business directions of the company are production of standard metal working parts, making parts for road transport, wind generators, construction, medicine, tool manufacturing, industrial and electrical installation industries. “Swedan Partners” Ltd. is cooperating with international and local companies as subcontractor, offering metal processing services of varying complexity, using efficient, precise equipment and processing centers. Main markets for the company includes Scandinavian countries and Latvia.
“Swedan Partners” is a company, which is engaged in the production of metal parts (ferrous metal, aluminum, stainless steel, brass, bronze, etc) and is specialized in modern technologies usage, which allows to produce different metal parts in high quality according to clients` drawings.
As explained by Uldis Hmielevskis, Deputy CEO of the Liepaja Special Economic Zone, it is obviously that company has decided to receive the status of the LSEZ commercial company, because company can receive tax reliefs from investments in new technologies, in order to develop their business. “It is an instrument, how Liepaja Special Economic Zone can and is developing business in Liepaja, which creates new workplaces and provides taxes in the state and local government budgets.”
As pointed out by representatives of “Sweden Partners”, planned 400 thous. EUR investments in modern technologies will encourage new product production, which are competetive in EU and world market, as well as will contribute to expanding in new markets and to optimize manufacturing processes.
In ten months, 2017, turnover of the “Sweden Partners” was 395 819 EUR, but until investments in modern technologies it is planned to increase it almost twice and to reach 700 thous. EUR turnover in 2019. Company plans to create at least 5 new workplaces.
As the newest data of the Central Statistical Bureau of Latvia shows, in Liepaja the amount of production in manufacturing industry has increased by 20.7% during the first three quarters and has reached 200.4 million EUR. Amount of manufactured goods in Liepaja, in nine months has increased by 34.3 mln. EUR.
Compared to other big cities in Latvia, Liepaja has the highest production volume outside Riga, followed by Valmiera (137.5 mln. euro), Daugavpils (132.6 mln. euro) un Jelgava (131.6 mln. euro).
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