AKG Thermotechnik Lettland

Type
Business expansion
Country
Latvia
Region
Latvija; Latvija; Zemgale
Location of affected unit(s)
Jelgava
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.3 - Manufacture of motor vehicle parts and accessories
29.3 - Manufacture of motor vehicle parts and accessories
300 jobs
Number of planned job creations
Job creation
Announcement Date
25 November 2005
Employment effect (start)
2 January 2006
Foreseen end date
1 January 2007

Description

AKG Thermotechnik Lettland, the subsidiary of the AKG Gruppe is opening a new manufacturing unit in Jelgava, Latvia. The new factory will produce high-quality heat exchangers for the leading models in the automobile industry. Detlef Reinsberg, the director of AKG Gruppe says that the new factory will employ up to 150 people in 2006, and the number will increase to 300 workers by 2007. The company will mainly employ local workforce.

Sources

  • 25 November 2005: www.tvnet.lv

Citation

Eurofound (2005), AKG Thermotechnik Lettland, Business expansion in Latvia, factsheet number 62563, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62563.