DEVELOPMENTS AT JSC ”VEF RADIOTEHNIKA RRR”


Riga Stock Exchange                                                             31.01.2007

Developments at JSC ”VEF Radiotehnika RRR”

In October of 2006 JSC”VEF Radiotehnika RRR” successfully completed the project “Modernization 
and development of audio appliances'. As a result of the project, the company now has 35 new 
technological equipments, which considerably improved the production environment, increased 
output capacity and labor efficiency, as well as expanded the technological possibilities of 
the manufacturing, enabling to increase the product quality. All the newly acquired equipments 
are installed and workable, and some have already become a part of the production process, while 
the other s are still waiting for infrastructure reconstruction, which was not a part of the project. 
It is expected that these works will be completed in the first and second quarter of the year. 
According to the project goals, after launch of the new production capacities the output will 
increase about threefold during five years; also, the export volumes are expected to grow.

Unofficial translation by RSE