The bank indicated that the granted loan is intended for the expansion of the company’s existing production facility in Liepaja, Karosta.
“In recent years, we have made significant investments in both production buildings and equipment, not only to automate production processes, but also to provide more comfortable and better working conditions for our employees. In total, 4.5 million euros have been invested in equipment and 11.5 million euros in buildings in Latvian companies this financial year. With the growing demand and increasing production capacity, the current issue is to attract new employees, ”said Jensen Metal procurator Ieva Līmeža.
In the last financial year, which lasted from May 1, 2020 to April 30, 2021, Jensen Metal’s turnover was 33.4 million euros.
The company “Jensen Metal” was registered in 2004, and its share capital is 201,640 euros, according to “Firmas.lv” information. The sole owner of the company is the Danish Jensen Metal Holding, but the real beneficiary is Lars Bo Christensen.
Jensen Metal’s main activities are the production of food industry equipment, agricultural equipment and fittings.
In terms of assets, SEB banka is the third largest bank in Latvia.
