Lesjöfors praises business in Latvia
This year's Elmia Subcontractor Fair in Jönköping, Sweden has Latvia as a partner country. A country that previously was associated with low-cost, but also offers extensive knowledge. This fact Lesjöfors´ CEO confirms due to successful business in the country.
Lesjöfors has been operating in Latvia for eight years. At the plant in Liepkaja a large share of the Group´s stampings and strip components are produced.
“For Lesjöfors, our business in Latvia has been essential for the whole Group´s overall development in the world”, says CEO Kjell-Arne Lindbäck at a press conference at the Latvian Embassy in Stockholm when the cooperation with the Subcontractor Fair was announced.
Favorable cost structure, combined with skills
Low salaries and an otherwise favorable cost level are traditionally associated with production in Latvia. But that picture is very simplified and does not match reality, according to Kjell-Arne Lindbäck.
“When we made the decision in 2004 to establish production in Latvia, a favorable cost position was a contributing factor, but not what determined. The geographic location close to Sweden and the fact that there was qualified staff available weighed just as heavily. Overall, I see Latvia as a very interesting alternative for those who will locate production in a foreign country. For Lesjöfors, the whole business in Latvia has been very successful and has meant a lot for the good progress the Group has had and still experience.
More about Lesjöfors in Latvia
Below you find previous web articles about our business in Latvia.
Front edge pressings skills streamline product development
Lesjöfors participated in Latvian Innovation Days
Here you will find contact information to Lesjöfors in Latvia
Visit us at Elmia Subcontractor Fair
This year's Elmia Subcontractor will take place in Jönköping, Sweden November 6 to 9. As usual, you can meet people from Lesjöfors and discuss possibilities and ideas.
More about Elmia Subcontractor and the cooperation with Latvia, you can read below
(in Swedish):
Årets partnerland på Elmia Subcontractor - Lettland lockar företag med stort kunnande
Lesjöfors is one of the leading spring suppliers with internationally well knowned clients. The products are demanded in many markets, in diverse industries. The range of springs (e.g. torsion springs), pressings and pressings have a unique range, where one of the biggest selection of standard springs are combined with high-tech, customized solutions.
Lesjöfors has both manufacturing and sales offices in several European countries and China.
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