“Bank of Industryhas granted long-term financing in the amount of 400,000 euros to the stucco, glue and other building materials manufacturer SIA “Sabīne-E”, which will allow the company to move to significantly larger production premises in Rankas Street and increase production volumes, according to the information provided by the bank.
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SIA “Sabīne-E” operates under the “Elvi” brand. The products produced by the company are sold in all the largest construction goods stores in Latvia – “Depo”, “Kurši”, “K Elderly“,” Krūza “,” Mājai und dāržam “and others.” Sabīne-E “supplies its manufactured materials to various furniture repairers and manufacturers in European countries, among its customers there is also the furniture factory” Ikea ” .
Omars Allahverdijevs, board member of SIA “Sabīne-E”, says: “With the loan funds, we will have the opportunity to further develop to a new level and expand production volumes and sales geography even faster.” .
