Company briefs - 2007-08-15

  • 2007-08-15
ABB, the Swiss-based engineering group, said it would expand its Estonian factory by a third, bringing total floor area of the factory, which produces frequency converters, to 3,000 square meters. "When phase two of the extension is completed at the end of August the production area will increase to 3,000 square meters," company official Sven Sommer said, adding that the expansion was dictated by growing demand for frequency converters. He said there were now slightly above 1,000 people working at the factory and the company would hire more personnel.

Maksima Latvija, the Latvian branch of the Maxima retailer, announced it has signed a three-year delivery contract with Latvija Audzetu Darzenu Logistika, one of the largest vegetable packers and distributors in the country. Spokesman Ivars Andins said that the vegetable-supply agreement was worth approximately 40 million lats (56.9 million euros) and was unique in that usually such agreements are signed for only six months. He said that sales of vegetables in Latvia are growing and consumers are increasingly opting to buy locally produced vegetables.

The National Horseracing Club in Lithuania is in litigation with Poland's Sopot Hippodrome over a starting gate. According to the Lietuvos Rytas daily, the Lithuanian club purchased the starting gate, consisting of movable stalls that open simultaneously, for 40,000 litas (11,600 euros) last year. However, Sopot Hippodrome has refused to provide the equipment to the Lithuanians and have offered to buy it back. The Sopot hippodrome cannot use the starting gate either because a Polish court has placed a freeze on it until the dispute is resolved.