Valmiera Fibreglass

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AS Valmieras stikla šķiedra
TypePublic
Nasdaq Baltic: VSS1R
IndustryGlass fibre
FoundedJuly 18, 1963
HeadquartersCempu iela 13,
Valmiera
,
Latvia
Number of locations
Sherborne, Dorset, United Kingdom
Dublin, GA, United States
Area served
Worldwide
Key people
 (Chairman of the Board)
Revenue€ 125,9 million (group, 2017)[1]
Increase € 8.2 million (group, 2017)[1]
OwnerP-D Glasseiden GmbH Oschatz (26,07%)
P-D Management Industries-Technologies GmbH (23,93%)
P-D Aircraft Composites GmbH (18,83%)
Corvalis GmbH (11,97%)
Beatrix Preiss-Daimler (9,39%) [2]
Number of employees
1,598 (2019) [3]
ParentValmiera Glass Group
SubsidiariesValmiera Glass UK Ltd.
P-D Valmiera Glass USA Corp.
Websitevalmiera-glass.com

AS Valmieras stikla šķiedra and its subsidiaries (collectively known as Valmiera Glass Group) is a Latvian glass fibre manufacturer based in Valmiera. The group's core business areas are glass fibre research, glass fibre product development, production and trade, employing around 1600 people.[4] The main plant in Valmiera began producing fibre during Soviet rule in 1963, which the company states as their founding year.[5] After the restoration of the independence of Latvia in 1991, the factory became a joint stock company.[6] In 1996, partial ownership of the plant was acquired by the German enterprise and its glass fiber company P-D Glasseiden GmbH Oschatz.[7]

The company specializes in manufacturing glass fibre and glass fibre products using three different types of glass: E-glass with a temperature resistance of 600+°C, HR-glass with a temperature resistance of 800+°C and SiO2-glass with a temperature resistance of 1000+°C. The glass fibre products are used for further processing for the making of technical (electrical, thermal and acoustic) insulation materials with a temperature resistance up to 1250 °C and as finished materials in mechanical engineering, construction, and elsewhere.

The British subsidiary of the company, Valmiera Glass UK Ltd., based in Dorset, produces fiberglass products for the aviation industry, thermal insulation and architecture, while their American subsidiary, P-D Valmiera Glass USA Corp., located in Dublin, Georgia, produces non-woven glass fibre materials or glass fibre mat, which are most commonly used as thermal and acoustic insulation materials in the automotive industry, shipbuilding, power plants, construction, production of household appliances, etc.

All the companies of the Valmiera Glass Group operate in accordance with the Quality Management System Standard ISO 9001. The parent company of the group, AS Valmieras stikla šķiedra, is certified in accordance with the requirements of Energy Management Standard ISO 50001 and Environment Management Standard ISO 14001:2004. Shares of the company are publicly listed at the Nasdaq OMX Baltic.

References[]

  1. ^ Jump up to: a b "Financial Information - Valmiera Glass Group". Valmiera Glass Group. Retrieved 2018-10-30.
  2. ^ "Investors - Valmiera Glass Group". Valmiera Glass Group. Retrieved 2018-10-30.
  3. ^ "Overview - VALMIERAS STIKLA SKIEDRA". nasdacomxbaltic.com. Retrieved 2019-04-16.
  4. ^ "Group - VALMIERA GLASS GROUP". www.valmiera-glass.com. Retrieved 2019-04-16.
  5. ^ "History - VALMIERA GLASS GROUP". www.valmiera-glass.com. Retrieved 2019-04-16.
  6. ^ "VALMIERAS STIKLA SKIEDRA, Akciju sabiedriba, 40003031676 - company data". Lursoft. 2019-04-16. Retrieved 2019-04-16.
  7. ^ "VALMIERA GLASS Group | LIAA". www.liaa.gov.lv. Retrieved 2019-04-16.

External links[]


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