Skip to main content

Information about the possible impact of coronavirus (COVID-19)

Written by Customer Service on . Posted in Public Companies.

AS VALMIERAS STIKLA ŠĶIEDRA (Registration No.: 40003031676, legal address: Cempu iela 13, Valmiera, LV-4201) (the Company) would like to announce that manufacturing processes take place as usual and according to the manufacturing plan, and all supplies of raw and other materials are being delivered without any interruptions.In the meantime, the Company is maintaining an active exchange of information with customers, suppliers and respective governmental bodies to ensure a timely response to possible changes in the current situation. The Company is prepared to make swift changes in its manufacturing portfolio to supply European customers and substitute imports from Asia and other third countries.To ensure employee and public health, the Company has taken preventive measures to reduce the risk of virus spread. Employees have been asked to be prudent and implement recommendations from the Disease Prevention and Control Centre and the Ministry of Health.Employees have been provided with cleaning and disinfection agents, facilities are being cleaned and disinfected with greater frequency, employees have been asked to keep their distance and avoid physical contact with other persons, and to use IT solutions to hold remote meetings and maintain communication. Currently, all business trips have been cancelled, and all employees who have returned from other countries are in 14-day isolation: working from home, extending their annual leave, requesting a sick leave or unpaid vacation, if no other options are available. The Company does not have any positive cases of coronavirus.Security measures and procedures for cooperation partners have been implemented, as their arrival to the company is unavoidable to ensure continued production. The movement and duration of stay of partners on the premises of the Company are limited, and means of protection and disinfection are provided to them.As to employment, we are still recruiting employees to fill vacancies. All job seekers are invited to submit their applications and discuss employment opportunities remotely; the first round of interviews is carried out by phone.Although the market is subject to uncertainty and limited predictability, the Company is currently forecasting stable demand and sales of high silica content products, but a short-term negative impact on sales of the other products. The Company sees opportunities to strengthen its position in the European market. Meanwhile, currently it is not possible to assess the medium and long-term impact on the Company’s performance.The management is closely monitoring the internal and external situation, and is ready to take countermeasures. AS VALMIERAS STIKLA ŠĶIEDRA will continue to provide information about important events and the latest developments at the Company.Additional information:
AS VALMIERAS STIKLA ŠĶIEDRA
Tel.: +371 6420 2216
E-mail: latvia@valmiera-glass.com
www.valmiera-glass.com

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.