“SEB banka “has provided financing in the amount of 7 million euros to SIA” Light Guide Optics International “- one of the leading optical fiber production companies in the world. The allocated financing is intended for financing long-term investments – construction and equipment of a new laser medical instrument plant.
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Daumants Pfafrods, the head of SIA “Light Guide Optics International”, informs: demand for laser medical services, the demand for our products is also increasing, especially in the Western market, therefore it is necessary to increase the existing capacity and invest in the development of the plant. “
The company “Light Guide Optics International” was established in Livani in 2004, and its field of activity is the production and sale of laser medicine and industrial optical fiber products. Two thirds of the production is used in various medical devices and laser equipment.
The company’s export volume is 99.5%, the main markets are ASV a Canada (25%) as well European countries (50%).
“Lursoft Customer Portfolio “reported that on June 18, SIA” Light Guide Optics International “registered a commercial pledge, the maximum amount of which secured reaches 10.5 million euros. In favor of the pledgee, the company” SEB banka ” property as a joint property at the time of the pledge, as well as the subsequent components of the joint property.
“Lursoft” information shows that the only active commercial pledge of SIA “Light Guide Optics International” registered last week.
Last year, SIA “Light Guide Optics International” significantly increased the production capacity of new products – medical beam catheters, by developing and improving the production technologies of these new products. In 2020, the company’s turnover has increased by 11%, mainly due to the increase in sales of medical beam catheters by 2.1 million euros compared to 2019. The turnover of industrial products in 2020 has increased by 8.4%.
The annual report available to Lursoft shows that the turnover of SIA Light Guide Optics International increased to 27.33 million euros last year, but the profit has grown to 9.27 million euros.
Both this year and next year, the company plans to continue to make large investments in the development of production infrastructure, reconstructing the production buildings purchased in 2020. In 2021, the company plans to complete the reconstruction of the new, significantly larger medical products production unit, while next year it is planned to reconstruct the second production building for the needs of the medical bundle production unit to ensure an increase in production volumes in accordance with customer demand.
SIA “Light Guide Optics International” was the employer of 192 employees last year.
The company has indicated that its true beneficiary cannot be ascertained.
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