The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27 - Manufacture of electrical equipment
100 jobs Number of planned job creations
Announcement Date
1 July 2011
Employment effect (start)
1 June 2012
Foreseen end date
Description
EUROLCDS, new manufacturer of liquid crystal displays (LCD), plans to open a new production unit in Ventspils, creating up to 100 new jobs. The new company has been founded by Macro Rīga Ltd. (Latvia), Hornell Teknikinvest AB (Sweden), LC Tec Holding AB (Sweden) and Baltic-focused private equity and growth investor BaltCap. The investment was complemented by the European Investment Fund (EIF)-managed JEREMIE initiative, co-financed by the EU Structural Fund (EUR 1.25 million). Overall costs of the project could reach EUR 7 million.
EUROLCDS is targeting the industrial and medicine equipment producers and sellers in the European Union, USA and Japan that use liquid crystal displays elements for their products. The facility will primarily be focused on products for 3D applications, automatically darkening welding glass and LCD-based signs.
Sources
28 June 2011: The Baltic Course
29 June 2011: Ministry of Economics
1 July 2011: Ventas Balss
Citation
Eurofound (2011), EUROLCDS, Business expansion in Latvia, factsheet number 72184, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72184.
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