The unaudited financial statement of joint stock company „Valmieras stikla š?iedra” affirms that the sales amount in six months of this fiscal year has reached LVL 31.03 Million (EUR 44.15 Mill.) and is for LVL 5 Million (EUR 7.11 Mill.) or 19% more as at the same period of 2012. The net profit of the company has reached LVL 1.8 Million (EUR 2.56 Mill.) confirming the growth of 29.5% comparing to the first six months of the previous fiscal year. The production manufactured in the company is being exported to 36 countries worldwide for the total sum in first half-year LVL 29.82 Million (EUR 42.43 Mill.) reaching the export rate of 96%. In accordance with the planned sales amount for the first half-year 2013 the budget overflow reaches 3%.
In the first half-year of 2013 JSC „Valmieras stikla š?iedra” was still strengthening its’ positions in the existing markets and was increasing sales. The main export markets are still the same: EU-States (7%), USA, Japan, India and Russia. The sales amounts comparing the first six months of this fiscal year and the previous one are grown in EU (growth of 15%), USA and Canada (growth of 48%), Russia and Ukraine (growth of 20%) geographical markets. In other states (including Swiss, Japan, India, Croatia et al.) the sales amounts are valuated as stable. The clientele is evolving considerably, especially in USA and East export markets.
Analyzing the segments of products, growth of sales volume has been recognized for the products with high added value: glass fiber nettings, non-woven fabrics and glass fiber products with high SiO2 content. All these products in the first half-year of 2013 has been sold for 26% more as at the same period of 2012. For other segments of products the sales amount is valuated as stable.
At July 9th this year the JSC “Valmieras stikla š?iedra” has signed the contract for buying the company P-D Interglas Technologies Ltd. in Great Britain. Through buying this company based in Great Britain, the JSC “Valmieras stikla š?iedra” is strengthening and broadening the manufacturing of glass fiber and its’ products in the world. The management of the company sees a strong development potential, unifying the knowledge, experience and export possibilities of both companies as well as by developing new projects.
With the purchase of P-D Interglas Technologies Ltd the JSC „Valmieras stikla š?iedra” is positioning itself as a vertically integrated supplier of different composite materials for the aviation industry – from glass fiber production to impregnated / reinforced fabrics.
Marika N?mante JSC „Valmieras stikla š?iedra” marketing project manager Phone: 64202276, 26635509 Fax: 64281216 E-mail: Marika.Nimante@vss.lv More information about company: www.vss.lv
