On January 10, representatives from the Latgale Special Economic Zone (SEZ) Administration, along with the Chairman of the SEZ Supervisory Commission, Jānis Lāčplēsis, visited the village of Kubuli in the Balvi district. Their visit focused on observing the progress of the investment project “Development of a Wood Drying Kiln 2023,” implemented by SIA "Vitai."
“Vitai” acquired Latgale SEZ status in 2023. The company specializes in producing environmentally friendly firewoods. This product is not only one of the most affordable and sustainable options available today but also a highly demanded export commodity for businesses and individual consumers alike. As emphasized by the company, firewood remains one of the most eco-friendly sources of heat energy.
The investment project under the Latgale SEZ aimed to enhance business operations by increasing production capacity and boosting competitiveness both in Latvia and international markets. By scaling up production, Vitai SIA expanded its product offerings to meet the needs of its established customer base while attracting new clients with a broader range of products.
Leveraging its website, www.latvianfirewood.eu, the company has successfully secured export opportunities in Scandinavia, including Sweden, Norway, and Denmark, as well as key European markets like Germany. For the second consecutive year, Vitai Ltd has been fulfilling large-scale export orders in United Arab Emirates, further solidifying its presence in the global market.
The management of Vitai SIA has affirmed that the successful implementation of the investment project has ensured the continuity of production and facilitated the company’s expansion. Additionally, the project has resulted in the creation of two new jobs—an important contribution to the economic vitality of Latgale’s border villages.
Jānis Lāčplēsis, Chairman of the Latgale SEZ Supervisory Commission, expressed his satisfaction with the positive developments in Latgale and the Balvi district.
"The activities of Vitai exemplify the entrepreneurial spirit and strategic vision of its owners. By advancing production technologies, embracing automation, and strengthening their market position, the company has demonstrated resilience and innovation. These efforts have enabled Vitai to not only increase production capacity but also attract a broader customer base," stated Jānis Lāčplēsis.
For information on the requirements set out in the law that investments must meet when applying for SEZ direct tax benefits, as well as more detailed information on the operating rules of the Latgale SEZ and the documentation to be submitted, please contact the Latgale SEZ Board: e-mail: lsez@lpr.gov.lv, phone.: +371 26511047, www.invest.latgale.lv
Additional information:
Latgale Special Economic Zone, tel. +371 29957750
