On impact of temporary ban of Russia on the export of production to the JSC „Brivais vilnis” activities


Salacgriva, Latvia, 2015-06-04 08:55 CEST (GLOBE NEWSWIRE) --  

The JSC „Brivais vilnis” informs that, despite the temporary ban of the Russian Federation on the export of our products to the Russian Federation, the company will not stop its activities.

As from the beginning of this year the volume of production that previously was sent to Russia, had fallen to 15% of the company`s production. Created real damages are not so significant for the company to think about its termination.

The company will restart its work in August, 2015. Currently we intensively are searching for alternative product markets in other countries that will successfully solve arisen problems. Next week the management of the company is going to China to agree on concrete product supplies.

 

Arnolds Babris

Chairman of the Board

of the JSC “Brivais vilnis”