Business expansion
Latvija; Kurzeme;
Location of affected unit(s)
Manufacture Of Computer, Electrical Electronic And Optical Products
Manufacture Of Electrical Equipment
27 - Manufacture of electrical equipment

100 jobs
Number of planned job creations
Job creation
Announcement Date
1 July 2011
Employment effect (start)
1 June 2012
Foreseen end date


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.


  • 28 June 2011: The Baltic Course
  • 29 June 2011: Ministry of Economics
  • 1 July 2011: Ventas Balss


Eurofound (2011), EUROLCDS, Business expansion in Latvia, factsheet number 72184, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72184.