News

Latvijas balzams resumes production of beverages in cans

With the resumption of the can filling line, the leading producer of alcoholic beverages JSC Latvijas balzams starts the production of the award-winning lemonade Green Cola for the Baltic market. Well-known brands such as Riga Black Balsam, sparkling drink Cosmopolitan Diva and vodka brand Moskovskaya Vodka will soon get new variations on this production line.

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Latvijas balzams profit rose by 7% reaching EUR 10 million

The leading producer of alcoholic beverages in the Baltic States, JSC Latvijas balzams, last year reached EUR 10.05 million net profit, which is 7% more than in 2018. Changes of the net profit indicator were mainly driven by the improvement of sales and profitability, active efforts undertaken to cut fixed costs and a positive impact of investments made in production processes. The profit was also largely affected by the supply of logistics services to other enterprises of the alcohol industry, chiefly the handling of consignments in transit to Russia and Ukraine.

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The production capacity of Latvijas balzams disinfectant is maximized; distributors are ready

Many have expressed interest in purchasing the hand and surface disinfectant Virudes manufactured by JSC Latvijas balzams: governmental institution, health institutions, food manufacturers, sanitary distributors and companies that are ensuring premises disinfection, also retail chains. Although Latvijas balzams initially planned production capacity of up to 6 tons per day, due to high demand, production capacity of Latvijas balzams was increased up to 20 tons per day.

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Latvijas balzams will produce hand and surface sanitiser

To deal with the lack of availability of disinfectants in the country, Latvijas balzams will begin producing a hand and surface disinfectant based on the World Health Organization’s recommended formula. The sanitiser is alcohol-based and will be available in 4 litre volumes, which can then be transferred into smaller containers.

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JSC Latvijas balzams announces unaudited year results of 2019

The unaudited net turnover of the Company in the year 2019 reached EUR 78.6 million, 4.6% up against 2018, due to higher orders and sales volumes from key customers and markets. The unaudited profit has reached EUR 10.05 million, which is 7% more than in 2018 as the result of increased sales volumes and high level of other Income from additional services.

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First half-year of Latvijas balzams Tour centre has been celebrated

The first six months of the special Tour centre at the largest alcoholic beverage production company in Baltics has passed. In addition to the great interest of Latvian residents, tourists are arriving from the Baltic and Scandinavian countries, as well as USA, Australia, UK, Spain, Singapore and other countries.

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