Skonto Plan

Type
Business expansion
Country
Latvia
Region
Latvija; Latvija; Kurzeme
Location of affected unit(s)
Tukums
Sector
Manufacturing
(24 - 25) Manufacture of metals
25 - Manufacture of fabricated metal products, except machinery and equipment
25 - Manufacture of fabricated metal products, except machinery and equipment
200 jobs
Number of planned job creations
Job creation
Announcement Date
30 September 2011
Employment effect (start)
2 January 2012
Foreseen end date
29 February 2012

Description

In February 2012 Skonto Plan is planning to open a new factory in Tukums employing 200 people.

Skonto Plan owner Gunter Rāvis stated he will invest EUR 10 mil in the plant that will be built by sister company Skonto Buve. This will be the sixth factory developed and owned by Rāvis in Tukums. By now approximately 500 employees are employed in the five factories in Tukums. 

The new factory will operate as separate enterprise, most likely included in the holding company GRF, currently consisting of 23 companies.

 

Sources

Citation

Eurofound (2011), Skonto Plan, Business expansion in Latvia, factsheet number 72485, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72485.