Industries > Industrial Products

Industrial Products

Industrial products include production of various industries: Cars, parts of cars and accessories production, trade and maintenance; Industry equipment, appliances, instruments production; Wood industry, wood processing; Production of packages, paper, gum and plastic products; Printing; Production of clay, glass products; Metal industry and other.

This is one of the most developed business areas. Wood processing, paper, metal and glass production industries have firm positions. After the Baltic States joined the EU, production industry began to grow intensely. Some producers invest in the Baltic States, some transferred their production capacities to the region, new production plants are being built, old plants are being expanded, etc.

Due to the strategic geographic at position between the old EU countries and the CIS states and, the nearby sea, and a well-developed transport infrastructure, this region is attractive for producers of industrial products.

Local producers are also expanding their capacity, they are searching for new markets, investing into new technologies and production. They compete with producers from other countries for a good price/quality ratio.

Some of the biggest and most important companies in this area are:

• Wood processing companies Nelss, Stora Enso Mežs, Silva, Vika Wood (Latvia), Estonian Cell, wood processing and package producing companies Stora Enso (Estonia, Latvia, Lithuania), plywood and wood products company Latvijas Finieris;
• Smelters Liepājas Metalurgs, Krāsainie Lajumi (Latvia);
• Glass production companies Panevėžio Stiklas, Aleksotas (Lithuania), Marepleks, Andrese Klaasi & Dekoori (Estonia);
• Paper production companies Horizon Pulp and Paper (Estonia);
• Printing houses Spauda (Lithuania), Printall, Uniprint (Estonia), Preses Nams (Latvia).

Experience

Accession of the new countries to the European Union (EU) accelerated manufacturing industry in the Baltic States significantly. Due to a more favourable tax policy for business and a less costly labour force, a number of older EU Member States have transferred capacity and investments into the Baltic States and other new EU countries.

The lawyers of Baltic Legal Solutions are well-acquainted with the legal environment and specifics of this industry in all the three Baltic States. Our team has specific knowledge and are able to provide competent advice to manufacturers and related persons on all the matters relevant to their business.

In addition to offering such general services as may be applicable to all clients, our Products team offers specific consulting in the following areas:

• Evaluation of industrial product compliance with the established standards;
• Assessment of industrial product compliance with the legislation;
• Analysis and control of compliance of persons engaged in industrial production with the established technical requirements;
• Requirements of and compliance with separate legislative acts regulating industrial production sectors.

Links and sources:

Lietuvos statistikos departamentas www.std.lt
Centrālā statistikas pārvalde www.csb.lv
Statistikaamet www.stat.ee
Baltic Business News. Latvian Companies TOP 50 www.balticbusinessnews.com/mod/onl_news.pl?disp=top&file=Latvian_TOP_50.html
Top 500 Companies in Latvia www.konsult.lv/top500.php
Baltic Business News. Lithuanian Companies TOP 100 www.balticbusinessnews.com/mod/onl_news.pl?disp=top&file=LithuaniaTOP100.html
Baltic Business News. Estonian Companies TOP 50 www.balticbusinessnews.com/mod/onl_news.pl?disp=top&file=Est_TOP_50.html
Vilniaus vertybinių popierių birža www.lt.omxgroup.com
Rīgas Fondu birža www.lv.omxgroup.com
Tallinna Börs www.ee.omxgroup.com
Lietuvos Respublikos ūkio ministerija www.ukmin.lt
Latvijas Respublikas Ekonomikas ministrija www.em.gov.lv
Eesti Majandus– ja Kommunikatsiooniministeerium www.mkm.ee
Verslo žinios www.vz.lt
Dienas Bizness www.db.lv
Äripäev www.aripaev.ee
Lietuvos makroekonomikos apžvalga www.seb.lt/pdf/lt/lma22.pdf