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Annual Report 2006 - Euromaint

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16<br />

Sweden<br />

Baltic sea<br />

Estonia<br />

Latvia<br />

Jelgava<br />

Lithuania<br />

WORKShOP IN ThE BaLTIC REGION<br />

Preparations for setting up the workshop began in October <strong>2006</strong> and are expected to<br />

take around one year. Production is being relocated in the first project phase at the end<br />

of 2007 and in the second phase planned for mid-2008.<br />

Location: The workshop will be in the city of Jelgava, 40 km outside Riga, Latvia.<br />

area: Approximately 5,000 m2 of workshop and 500 m2 of offices.<br />

Production: The first phase of the project comprises reprocessing shock absorbers and<br />

brake cylinders. The second phase covers reprocessing of further mechanical products<br />

and some electrical products.<br />

Scope: By the end of 2007 around 20 employees are expected to be employed in Latvia.<br />

During 2008 that figure will rise to about 35.

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