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Saturday 16.12.2017 | Name days: Alvīne

Severstaļlat acquires Finnish export market

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Latvian metal manufacturing and trading company AS Severstaļlat participates in the Finnish annual international exhibition Alihankinta 2010 for the second time already.

Severstaļlat began to acquire the Finnish market five years ago, when the company took part in the exhibition along with other companies representing Latvia. Since then, the Finnish export share of the total deliveries of the company are increasing every year, the representative of the company Olga Nesterova (Olga Ņesterova), informed the news agency LETA.

Currently the supplies to Finland amount to more than 10% of the sales volumes of Severstaļlat. This includes both products processed in Latvia and then marketed as well as metal products from storehouses in Latvia. Mainly products processed in Latvia are sent to Finland, explained Nesterova.

The enterprise considers its activities in Finland as successful and intends to develop them.

We are glad that the cooperation partners in Finland appreciate the quality of our products and Severstaļlat brand is recognized as guaranteeing high quality. This is even more important, because practically this is a close market, wher mainly Finnish and Swedish companies operate. The Chairman of the Board Andrejs Aleksejevs wants to encourage Latvian producers to search for growth opportunities, if they know that they can ensure high quality and reputation of a reliable partner. He suggests that one should not be afraid of trying to enter markets that already seem full of tough competition.

Metal manufacturing and trading company’s AS Severstaļlat unconsolidated turnover in the first half of the year has reached 49 367 million lats, which is 35% more than in the first six months of the previous year.

The company completed the last year with 23 million lats loss; yet in the first half of this year it already worked with 2.6 million lats bruto profit.


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