Investor Conference Webinar of JSC „Latvijas balzams” results of 2012
On April 26 JSC „Latvijas balzams” organized its Investor Conference Online Webinar for investors and other stakeholders. During the webinar the Chairman of the Management board and Managing director of JSC „Latvijas balzams” Guntis Āboltiņš-Āboliņš analysed company’s results of the year 2012 and informed about company's plans for 2013.
CEO of Company, Guntis Āboltiņš-Āboliņš informed that the last year „Latvijas balzams” improved its’ technologies by investing 459 thousand lats in upgrading of the production technologies and IT equipment, as well as improving company’s Resource management system.
Managing director of „Latvijas balzams” also described 18 new products, which were introduced in 2012, as well introduced number of products with improved design.
In 2013 company will be looking for a possible further cost optimization in production and logistics, retaining high quality of its products under the conditions of the rise of raw material prices and growth of production volume, continue to create new and develop existing product lines to be able to enter new markets and increase company’s market share in the core markets.
The recorded “Latvijas balzams” webinar is available online: http://ej.uz/LatvijasBalzams_ieraksts. For technical reasons the introductory slide of the presentation featuring acknowledgements of the company in corporate social responsibility, sustainable development, and participation in the In-Depth Cooperation Programme of the State Revenue Service has not been recorded. However the complete presentation, demonstrated during the webinar, can be found in the previously published JSC “Latvijas balzams” announcement: https://newsclient.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=554039&messageId=683357. We apologies for the inconveniences.
JSC „Latvijas balzams” thanks all participants, who joined the webinar.
Additional information:
Dana Hasana
Communications Manager
JSC “Latvijas balzams”
Phone: +371 67011711
Mob. phone:+371 26355895
E-mail: dana.hasana@lb.lv
www.lb.lv
About JSC “Latvijas Balzams”
JSC “Latvijas balzams” is a leading producer of alcohol beverages in the Baltics with a history steeped in tradition since 1900. Its biggest pride, Riga Black Balsam, is one of the oldest alcohol beverage brands in Europe rooted in 1752. The company has a distillery of strong alcohol beverages and sparkling wines and light alcohol beverages production plant in Riga.
JSC “Latvijas balzams” ensures workplace for more than 600 employees and it is one of the biggest taxpayers in Latvia. JSC “Latvijas balzams” with more than 100 product names is represented in almost all segments of strong and light alcohol beverages, in a number of them being stable market leader in Latvia. Among the company’s products are such worldwide known brands as “Stolichnaya”, “Moskovskaya”, “Riga Black Balsam” and “Rigas Sparkling Wine”.
JSC “Latvijas balzams” is one of the most significant exporters in Latvia – its products are available in more than 160 countries through SPI Group and in 30 countries through direct export. The company’s quality management system is certified in accordance with ISO standards. Product quality is affirmed by hundreds of awards in various international and domestic competitions and obtained quality certificates and for decades obtained loyalty of consumers. International quality standards are introduced in the daily production practices and applied for the procurement of raw materials, packaging and working culture.
In 2012 JSC “Latvijas balzams” was rewarded with Silver medal in the Sustainability Index, proving that the company is determined to make its internal processes more effective and manage risks.
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