Home » Business » ‘Fencing Factory’ has received 644 thousand euros for the purchase of new production equipment

‘Fencing Factory’ has received 644 thousand euros for the purchase of new production equipment

Luminor banka “has granted financing in the amount of 644 thousand euros to the Baltic fence production company SIA Žogu fabrika for the purchase of a new production equipment, the bank ‘s representatives inform.

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In nine years, the company has invested more than one million euros in new and modern equipment to increase production efficiency and ensure quality products. Thanks to the latest technologies, “Fence Factory” is able to produce an average of 45,000 meters of the highest quality wicker fence and 3D panel fence per week.

In order to continue the development of the company and increase the production capacity, SIA “Žogu fabrika” plans to purchase a new production equipment from Italy – mesh welding equipment with an automatic 2D and 3D panel line. The new equipment will allow to produce 3D panel fences much faster, providing even better quality solutions. The total purchase amount of the equipment is 800 thousand euros, of which 644 thousand euros is provided by Luminor banka as a long-term loan, and the remaining amount is the company’s own investment.

“In general, production in the metalworking sector has decreased significantly this year, but at the same time there are companies in the sector, for which the demand for products has even increased. It is a pleasure that and our loyal customer, so we are glad that we can continue cooperation in new stages of the company’s development, “says Ilze Zoltnere, Head of Corporate Department at Luminor.

SIA “Žogu fabrika” was founded in 2009. The company has more than 30 employees. SIA “Žogu fabrika” exports to such countries as France, Sweden, Finland, Iceland, Estonia, Lithuania.

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