Radiotehnika has never been and will not be a hypermarket


The company still exists as a manufacturing company.  Currently JSC "VEF
Radiotehnika RRR 'production is located in one building with a total production
area of 20.000 sqm and it is: 
•	 speaker system manufacturing plant; 
•	 wood processing plant; 
•	 electronics plant including PCB manufacturing, electronic units
manufacturing and assembly as well as automatic PCB assembly. 
 

There are several buildings on the total area of 12 ha owned by JSC "VEF
Radiotehnika RRR" that are not directly related to production. 

At a time when there was mass production of electronics based on old
technologies there was a need for massive production space and a large number
of workers. 

Currently, with advanced technology and automation of production conditions,
there is no real need for such large areas of production and human resources. 
Today Radiotehnika production is oriented towards production of high quality
and European standard products including the Hi Fi-class sound systems and
electronic assemblies and PCBs, including multilayers.  There is still high
demand for our products from many regions of the world. 

Radiotehnika building I1 mentioned in B & B article has not been used for
production needs all the time of renewed independence and the space was rented
to small manufacturing and trading firms. 

Currently, building is sold to company "Imanta Retail Park, which plans to turn
it into a commercial and entertainment center, and Prisma will be one of its
tenants. 

This transaction does not affect AS "VEF Radiotehnika RRR" production and the
company's future development plans. 

Eduard Maleev
Chairman of the board