Seven years ago JSC Latvijas balzams joined the rapidly growing spirits production and distribution company Amber Beverage Group. Following the decision made by the Shareholders’ Meeting of JSC Latvijas balzams on 30 September of last year, from 1 May 2022 the further name of the company will be JSC Amber Latvijas balzams.
The net revenue of the leading producer of alcoholic beverages in the Baltic States, AS Latvijas balzams (hereinafter also – the Company), for the year 2021 reached EUR 78.1 million, an increase of 13.8% against the year 2020. The increase in turnover is due to the improvement of the economic situation and the release of the restrictions imposed by the national governments on the Covid-19 pandemic situation.
Unaudited net revenue of the leading producer of alcoholic beverages in the Baltic states, JSC Latvijas balzams, for the year 2021 reached EUR 78.1 million euros, an increase of 13.8% against the respective period in 2020. The increase in turnover is related to the improvement of the economic situation and as the result of facilitating the restrictions imposed by national governments on the Covid-19 pandemic situation.
Leading producer of alcoholic beverages in the Baltic States, JSC Latvijas balzams, together with its parent company, global producer and distributor of beverages, Amber Beverage Group (ABG), has announced that the company is standing firm with the people of Ukraine after Russian troops encroached further into Ukraine. The companies have donated financial resources to the initiative Stand With Ukraine to provide support where it is most necessary.
The Board of the Joint stock company Latvijas balzams (hereinafter also ‘the Company’) shares plans to invest in production more than 1 million euros in cooperation with one of the most powerful robotics and production process automation solutions in the Baltic region – Peruza. As a result of the investment project, a new automatic cardboard box scanning, sorting, palletizing and packaging line will be established at the Latvijas balzams factory.