Home » Business » SIA ‘Karlsberg’ receives a 1.3 million euro loan for business development

SIA ‘Karlsberg’ receives a 1.3 million euro loan for business development

Luminor“issued financing to the manufacturer of paper, cardboard and various plastic products SIA” Karlsberg “in the amount of 1.3 million euros for the purchase of new production equipment, replenishment of working capital, purchase of real estate and increase of factoring limits, informs the bank ‘s representatives.

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SIA “Karlsberg” is a Norwegian family company with more than 60 years of experience, which has moved its production plant to Latvia.

SIA “Karlsberg” plans to invest in increasing production volumes, as the company has entered into large-scale cooperation agreements with cosmetics and cardboard packaging manufacturers for the production of various specific beverage cans, the production of which requires new equipment.

“The new cooperation agreement opens new development opportunities for the company. Due to the large production volumes, manual or semi-manual production would be too slow and expensive, so we plan to automate our operations to speed up the production process. In total, we plan to buy 14 different equipment, and box gluing, pressing and other equipment, with which we will be able to automate the production of various boxes, “says SIA” Karlsberg “director, Daiva Stone-Kazakeviča.

In recent years, the printing industry has shown an upward trend. Due to lower labor costs, the competitiveness of Latvian companies in the European and Scandinavian markets has increased. Although SIA “Karlsberg” is not the largest player in the industry, the chosen niche, focus on export markets, investments in production equipment ensure a stable position in the market, offering both a competitive price and appropriate product quality.

“Karlsberg is a long-term customer of the bank. We appreciate the company’s historical experience, professionalism and specific knowledge in this field. In recent years, the company’s turnover has increased significantly, equipment investments and new markets have been established. found by streamlining and automating operations “says Ilze Zoltnere, Head of Corporate Luminor.

SIA “Karlsberg” is one of the subsidiaries of JSC “Karlsberg”. Other subsidiaries – SIA “Sign + Display” – are engaged in the production of LED light stands, SIA “Graphic + Design” performs graphic design development for “Karlsberg” customers, but SIA “Frauenburg Industrie”, founded at the end of 2020, is engaged in various brands. sk. the production of door signs and road signs, which are currently in high demand in Norway. All subsidiaries have a total of 61 employees, and at least half of the production is sold in Norway and the United States. The company buys all paper and cardboard raw materials from Latvian companies: AS “Antalis”, SIA
“Poligrāfijas apgāds”, SIA “Talsu Tipogrāfija”, SIA “Papyrus” and others

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