LATVIA | Industry | Rūpniecība

[Alexriga]

Originally Posted by Jelgavnieks

Maybe I should try to become a exporter of RRR speakers and sell them in USA?

It could be amazing if you do that successfully

Speakers themselves are good with deep and powerful bass.

[Gatis]

Painful contradiction to the name of this thread... but news are news.

Producer of log-houses "Super Bebris" is going to leave Latvia for United States. Reason - (no) support policy for industry and wide possibilities in USA. They were successful exporters until 2008 when they started to run into huge losses. Their production facility is near Limbazi.
This is a sad loss because they were innovative producers with more than 100 employed people.
http://www.bebris.lv/eng/

[Vecais Sakarnis]

But sadly they're not only ones. Several more producers have talked about going away.

[Triceratops]

Unless their head office is located here and the company's capital is of our country, I think there shouldn't be much concern, though that might worsen the unemployment situation..

[Micrav]

USA and here are two separate markets, there is no commercial point to export material to USA and other direction to Europe. Know-how is another thing. Wood is coming from Russia. Not enough from Latvia to support development maybe... Anyway, I would keep both strong feet in both continents. But I understand that Latvians have not the pride of their country because the spirit has been broken and now, it is an individual mentality. I hope the new generation of entrepreneurs will understand that people and skills are needed for development, not only money and law. In America they will discover the price of the wages, the different level of quality! Business is not money, money is result of a good business model. If they leave, some other will probably take the space left. For me this exodus is not made yet.

[Gatis]

"GroGlass" today announced that they have started export of unique innovative product:
- "Artglass" - specific glass for artworks in museums. So far they got orders from Germany, Italy, Sweden and USA and expect many more.
This glass got specific coating which eliminates glare, protects artworks from UV light and lets to see the true colors of artwork. It provides also protection from impact.

Huge success expected!

[Triceratops]

How do you think, Latvian NOKIA is invented?! The aim of our policy, as you might know, is to create something on national basis so that to make a brand of it and to become a rich country! So, could this be it, or it's just the first step to success?

[Jelgavnieks]

This image shows exports x 1,000,000 $. (1,000,000 means 1,000,000 x 1,000,000 = $ 1 Trillion). As you can see China, Germany, USA have exports that are $ 1,000,000,000,000. Latvia has $ 8,000,000,000 in exports.



This chart has the export numbers for top 120 countries in the world (Baltic states are highlighted, numbers from 2008-2009):

1 People's Republic of China $1,202,000,000,000
2 Germany $1,121,000,000,000
3 United States $1,057,700,000,000
4 Japan $581,000,000,000
5 Netherlands $499,000,000,000
6 France $475,000,000,000
7 Italy $405,000,000,000
8 Belgium $370,000,000,000
9 South Korea $364,000,000,000
10 United Kingdom $351,000,000,000
— Hong Kong $330,000,000,000
11 Canada $316,000,000,000
12 Russia $304,000,000,000
13 Singapore $270,000,000,000
14 Mexico $230,000,000,000
15 Spain $218,000,000,000
16 Taiwan $204,000,000,000
17 Saudi Arabia $189,000,000,000
18 United Arab Emirates $175,000,000,000
19 Switzerland $173,000,000,000
20 Australia $161,500,000,000
21 Brazil $158,900,000,000
22 Malaysia $156,400,000,000
23 India $155,000,000,000
24 Austria $136,800,000,000
25 Thailand $136,600,000,000
26 Poland $134,700,000,000
27 Sweden $132,800,000,000
28 Norway $122,000,000,000
29 Czech Republic $145,800,000,000
30 Indonesia $115,600,000,000
31 Turkey $111,100,000,000
32 Ireland $107,300,000,000
33 Denmark $88,870,000,000
34 Hungary $78,610,000,000
35 Iran $70,160,000,000
36 Finland $57,880,000,000
37 Venezuela $51,990,000,000
38 Kuwait $49,520,000,000
39 Nigeria $45,430,000,000
40 South Africa $67,930,000,000
41 Slovakia $79,120,000,000
42 Algeria $75,060,000,000
43 Argentina $73,000,000,000
44 Angola $72,580,000,000
45 Chile $69,100,000,000
46 Kazakhstan $66,570,000,000
47 Libya $66,130,000,000
48 Iraq $66,100,000,000
49 Ukraine $64,890,000,000
50 Vietnam $63,730,000,000
51 Qatar $62,440,000,000
52 Romania $59,750,000,000
53 Portugal $57,800,000,000
54 Israel $54,160,000,000
55 Philippines $49,000,000,000
— Puerto Rico $46,900,000,000
56 Colombia $41,080,000,000
57 Azerbaijan $38,280,000,000
58 Slovenia $34,270,000,000
59 Oman $33,900,000,000
60 Egypt $33,360,000,000
61 Peru $33,270,000,000
62 Belarus $31,810,000,000
63 New Zealand $29,530,000,000
64 Greece $27,400,000,000
65 Lithuania $23,480,000,000
66 Bulgaria $22,300,000,000
67 Luxembourg $20,780,000,000
68 Pakistan $20,620,000,000
69 Tunisia $19,700,000,000
70 Ecuador $19,400,000,000
71 Bahrain $19,170,000,000
72 Trinidad and Tobago $16,730,000,000
73 Morocco $16,140,000,000
74 Equatorial Guinea $15,820,000,000
75 Bangladesh $13,970,000,000
76 Sudan $13,620,000,000
77 Estonia $13,160,000,000
78 Syria $13,120,000,000
79 Croatia $12,360,000,000
80 Cote d'Ivoire $11,960,000,000
81 Serbia $10,973,000,000
82 Panama $10,370,000,000
83 Uzbekistan $9,960,000,000
84 Turkmenistan $9,887,000,000
85 Gabon $9,743,000,000
86 Costa Rica $9,675,000,000
87 Yemen $9,234,000,000
88 Republic of the Congo $9,009,000,000
89 Latvia $8,364,000,000
90 Brunei $8,250,000,000
91 Sri Lanka $8,100,000,000
92 Guatemala $8,028,000,000
93 Dominican Republic $7,170,000,000
94 Paraguay $6,901,000,000
95 Iceland $6,846,000,000
96 Jordan $6,521,000,000
97 Bolivia $6,384,000,000
98 Honduras $6,236,000,000
99 Burma $6,149,000,000
100 Democratic Republic of the Congo $6,100,000,000
101 Uruguay $6,000,000,000
102 Papua New Guinea $5,658,000,000
103 Zambia $5,632,000,000
104 Chad $5,501,000,000
105 Ghana $5,439,000,000
106 Cameroon $5,246,000,000
107 Botswana $5,127,000,000
108 Bosnia and Herzegovina $5,092,000,000
109 Kenya $4,882,000,000
110 San Marino $4,628,000,000
111 Cambodia $4,616,000,000
112 El Salvador $4,550,000,000
113 Macedonia $4,397,000,000
— U.S. Virgin Islands $4,234,000,000
— Netherlands Antilles $3,710,000,000
114 Lebanon $3,500,000,000
115 Cuba $3,497,000,000
116 Malta $3,491,000,000
117 Nicaragua $3,183,000,000
118 Namibia $2,980,000,000
119 Georgia $2,761,000,000
120 Mozambique $2,693,000,000

[Micrav]

would be great to compare ratio per inhabitant. This would change the view... Also if we would have a graphic of import-exports. We would see who are the real winners and loosers... We know that our balance is negative, we import more than we export. It is extremely bad...

[Jelgavnieks]

Germany and Netherlands are two of the biggest winners. Germany has $ 1,1 Trillion exports with 80 million people. Netherlands has $ 500 Billion exports with 16 million people (50-60 billion coming from Agriculture alone).

In Latvia it is extremely bad. That is our biggest problem, not debt.

[Triceratops]

If we had just a little more of the industry, we could gain a great place among the world leaders per capita due to the quantity of the population!

[Jelgavnieks]

Yes it would. One BMW factory that manufactures 300,000 cars a year and employes 8,000 people would do wonders for Latvia.

[Gatis]

But meanwhile some people don't wait for wonders and do the things...
Company "KMM Metals" (http://www.kmmmetals.com/ , located in Riga) invests 12.3 mio EUR to double its output. They will purchase two ovens for bronze casting and increase the quality of their production.

Currently they export 99.5%, employ 70 people, additionally will employ 25 - 30 people.
- - - -

"Cemex" has invested circa 300 mio EUR in the new cement factory in Broceni, near Saldus. Factory is completed and starts operations. They plan further investments - 10 - 20 mio EUR in infrastructure around the new factory.

[Triceratops]

^ Sounds just great. Such companies as "Cemex" usually indeed improve the surrounding areas. I hope they would make a neat town out of Brocēni!

[Gatis]

The brand new factory of stainless steel tubes "Rigamet" (located in Rezekne) has started production. They are monopolists for this kind of production in this region.

[Triceratops]

^ Already opened?! Cool! I bet EdgarsSTAR will share some pics of it soon.

[Jelgavnieks]

Latvia makes powertools?

http://www.rebir.lv/Text_page.aspx?qid=m3495

Is that a Latvian company? I never new about it. But again, like anything Latvia makes, they are not sold anywhere. Only in two stores in Latvia. Perhaps we would have quite a lot of industry and manufacturing if we simply made our products more widely available?

[Denis_Msk]

Originally Posted by Jelgavnieks

Latvia makes powertools?

http://www.rebir.lv/Text_page.aspx?qid=m3495

Is that a Latvian company?

Yeah. REBIR = Rēzeknes Elektrisko BūvInstrumentu Rūpnīca

[Gatis]

REBIR is Soviet time factory, all the time throughout the independence times they try hard to survive. Out of patriotism have purchased three devices - quality is so so - medium Chinese level, but lets hope for the best in future.

[vanniken]

wow, Rebir still alive? I thought they've gone bankrupt long time ago..