Posts Tagged ‘export’

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VKG Acquires Cinder Block Production Facility

In Uncategorized on April 12, 2011 by admin Tagged: , , , , , , ,

TALLINN(err.ee) – Oil shale processing giant Viru Keemia Grupp announced April 11 that it has purchased a production line formerly owned by Silbet Plokk, a bankrupt Kohtla-Järve company that manufactured cinder blocks for construction. VKG’s management said the acqusition was strategically beneficial because the raw materials used to make the cinder blocks are the same as those produced as waste material in shale processing.

“From the perspective of sustainable shale processing, success can only be achieved when the production fully utlizes all the organic and mineral potential of the shale,” the company said in a statement.

Before its bankruptcy, Silbet Plokk was one of the larger employers in the industrial town of Kohtla-Järve.

“Our goal is to find synergies between the two industrial complexes and the re-establishment of nearly 200 jobs that the company once gave the region,” said VKG CEO Priit Rohumaa.

The eight companies that make up VKG employ approximately 1,600 people.

Want to sell more? Visit Estonian EXPO Center in Tallinn Airport at Gate 3, it’s the world’s first permanent trade fair in an airport. You can show your products to 1.8 Mill. passengers per year  for as little as One Euro per hour! We offer business to business and B2C. The One Euro per hour includes: set up, live hostesses, distribution of leaflets and samples, collection of new sales leads for you, electricity and cleaning. Estonian Expo Center is open 15 hours a day 7 days a week. There is no cheaper or better way to brand your company and products in the Baltics…. read more about why it works!

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Estonian bakery acquires Dinella in Latvia to compete with Finnish competitors

In Uncategorized on October 12, 2010 by admin Tagged: , , , , , , , , , , ,

estonian foodLatvia’s third-largest bakery Dinella has been acquired by one of Estonia’s largest bakeries Eesti Pagar for an undisclosed amount.

Veikko Vaarja, boad chairman of Eesti Pagar, said in comment: “An important factor leading to the transaction was that we have two common Finnish competitors in Estonia and Latvia and we can compete with them better by cooperating within one group”

Vaarja added that Dinella was a financially viable company with a strong market position that creates a good basis for further expansion.

“Until now, Dinella has been focusing mainly on supplying baked products to rural areas and has about 20% of the Latvian market. The experience and knowhow of Eesti Pagar in product development and marketing will definitely  help Dinella to increase its business volumes,” he added.

Dinella will disclose its future plans in greater detail in the nearest few months after it has finalised its new business strategy.

Last year Dinella produced 12 million kilos of baked products. The company’s revenue amounted to EEK 201 million (LVL 9.12 million). Dinella employs 460 people.

Eesti Pagar produced 16 million kilos of baked products in 2009 and the company’s market share in Estonia is about a third. The company’s revenues were EEK 352 million last year.

Eesti Pagar is an Estonian-owned company that produces white bread, dark bread and pastry products and is currently Estonia’s second-largest bakery company in Estonia. The company employs more than 200 people. Eesti Pagar has a plant in Paide.

source> BBN

To learn more about Estonian products you should visit Made in Estonia

Articles

Strong alcohol export from Estonia grew by 20% in 8 months

In Uncategorized on September 26, 2010 by admin Tagged: , , , , , , , , , , , , ,

vodka estoniaAccording to the data of the Estonian Alcohol Producers Union, producers of strong alcohol exported 2.9 mln litres of strong alcohol in the first eight months of the year 2010, a growth of 19.6% in a year, LETA/Postimees Online reports.

Estonian producers have sold this year 29% of production at foreign markets.

They sold at the same time 6.97 million litres of strong alcohol at the domestic market, which is by a million litres less than in the first eight months of last year.

Want to sell more? Visit Estonian EXPO Center in Tallinn Airport at Gate 3, it’s the world’s first permanent trade fair in an airport. You can show your products to 1.8 Mill. passengers per year  for as little as One Euro per hour! We offer business to business and B2C. The One Euro per hour includes: set up, live hostesses, distribution of leaflets and samples, collection of valuable sales leads to you, electricity and cleaning. Estonian Expo Center is open 15 hours a day 7 days a week. There is no cheaper or better way to brand your company and products in the Baltics…. read more about why it works!

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Danish company acquires sawmill in Estonia

In Uncategorized on September 16, 2010 by admin Tagged: , , , , , , , , , , , ,

Arno Tammjärv, the owner of Estonian sawmill Barrus that manufactures window and door components in South Estonia, has sold the company to a Danish enterprise Inter-Invest A/S, writes aripaev.ee.

Although the company did not disclose the purchase price, it is estimated to have been between 50 million to 100 million kroons, based on the company’s economic results from recent years. Barrus ended last year with the turnover of 152 million kroons, an increase of 1.1 times from 2008.

Janar Tammjärv who will continue as the CEO of Barrus, said that the turnover this year should exceed 200 million kroons or 25% more than last year.

The company founded in 1993 exports about 70% of its output, mainly window, door and staircase components, to Scandinavia, Holland, UK and Italy. It employs 116 employees.

Articles

Estonian exports up 7%

In Uncategorized on September 6, 2010 by admin Tagged: , , , , , , , ,

Exports increased by seven per cent in Estonia in June compared to the same month last year, official figures show.

According to the Baltic Course, exports totalled 10.2 billion kroons (£537 million) at current prices, although imports were higher at 12 billion kroons.

Machinery and equipment manufacturers took the biggest share of Estonia’s exports at 22 per cent, followed by mineral products, which made up 13 per cent.

Wood and timber products accounted for 11 per cent of total exports in June and levels were up 57 per cent year-on-year.

During the first half of the year, exports from Estonia have now risen by 22 per cent on the same period in 2009.

The publication of the figures comes after Statistics Estonia revealed that the country’s economy returned to growth in the second quarter of 2010.

Gross domestic product was 3.5 per cent higher between April and June than it was during the same period last year.

Articles

Estonian SMEs export more than their EU counterparts

In Uncategorized on July 19, 2010 by admin Tagged: , , , , , , , , ,

A survey carried out by the European Commission found that the share of Estonian small end medium-sized enterprises that export their goods and services is by far the highest among EU countries, writes LETA/Postimees Online.

During the years 2006-2008 nearly 55% of small and medium-sized enterprises operating in Estonia were involved directly with exporting goods and services at least a certain part of the time. Denmark ranked second in this list, with approximately 40% of SMEs having exported and the EU average was 25%.

Nearly 54% of Estonian SMEs dealt directly with imports while the EU average was 19%. The share of importing SMEs was the highest in Malta and the lowest in Germany.

The survey also studied the forms of globalisation as direct foreign investments, technological co-operation and sub-contracting. Approximately 38% of Estonian SMEs and 17% of EU’s SMEs were involved in international co-operation in the light of these aspects.

The European Commission defined SMEs as enterprises that have less than 250 employees and the annual turnover of which does not exceed 50 million euros and/or the total volume of the annual balance sheet does not exceed 43 million euros.

source: baltic-course.com

Articles

Now Innovations Takes Winning Spot at Innovate! 100 Tallinn Pitch Slam Event

In Uncategorized on June 8, 2010 by admin Tagged: , , , , , , , , , , , , ,

SAN FRANCISCO and TALLINN, Estonia, June 7 /PRNewswire/ — Guidewire Group, the world’s leading analyst firm focused exclusively on startups and emerging markets, held a regional ‘Pitch Slam’ event in Tallinn, Estonia on June 2, 2010 as part of the Innovate!2010 competition. Top honors at the event went to NOW! Innovations, a digital permit and mobile payment solution provider for the parking and transport sectors. The runner-up at the event was GrabCAD, and the second runner-up was Nutiteq.

The Innovate!2010 Pitch Slam in Tallinn is one of over 20 Pitch Slam events that Guidewire Group is hosting this year across Europe and the United States. At each Pitch Slam, startups are evaluated by a panel of expert judges using the G/Score, Guidewire Group’s proprietary assessment methodology for evaluating startup success and business viability. The judges at the Tallinn Pitch Slam were: Kaushal Chokshi, Quickstart Global; Heidi Kakko, Estonian Development Fund; Andrei Korobeinik, Rate Solutions; Allan Martinson, MTVP; and Margus Uudam, Ambient Sound Investments.

The G/Scores will be aggregated from all of the Pitch Slams, normalized across markets, stages and segments, and then ranked to determine the Innovate!100. Innovate!2010 partners with market leaders like Best Buy, HP, Microsoft, Motorola, O2, RIM, Oracle and SWIFT and serves as a platform for these corporations to quickly identify and partner with high-potential startups.

More information, including videos from the Tallinn Pitch Slam, can be found at www.innovate100.com. Congratulations to all of the startups that were invited to present in Tallinn:

Carfi OU: Car-buying service that helps consumers purchase a car that best suits their needs.

Edicy : Easy-to-use tool for building small business websites.

GradCAD: Web-based solution for CAD drawing, 3D modeling and image rendering.

The Groups Project: Private communication and collaboration platform for small groups.

NOW!Innovations: Web-based ASP platform for parking and public transport operators to issue and enforce mobile and digital tickets.

Nutiteq: Mobile mapping development tools and white-labeled customized mobile client-based mapping applications.

Sportlyzer: Web application that offers fitness training tips and support.

TuningRoom: Internet-based service car design enthusiasts that lets them change the stock parts of a standard car.

About Innovate!2010

Innovate!2010 is a global competition to identify and promote 100 top global technology start-ups. The program enables promising startups to gain access to resources and opportunities to accelerate the growth of their companies. Innovate!2010 also enables its partners, including technology and telecommunications vendors, government agencies, professional services providers, technology scouts and investors, to identify and engage hundreds of highly vetted, fast-growing startups and raise their brand profile in the global startup community. Innovate!2010 sponsors and partners include leading organizations like Alacatel-Lucent, BestBuy, Cisco Systems, Comcast, DifferenceEngine, eBay, EMC, HP, HSBC, Hearst, IBM, LaPoste, LG Electronics, Microsoft, O2 Litmus, Oracle, PayPal, PWC, Quickstart Global, RIM, SAP, Silicon Valley Bank, Sony, SWIFT, Turner Broadcasting, Verizon, and the City of Zaragoza; as well as European and US economic development agencies, and dozens of leading angel and venture capital investors.

Want to sell more? Visit Estonian EXPO Center in Tallinn Airport at Gate 3, it’s the world’s first permanent trade fair in an airport. You can show your products to 1.8 Mill. passengers per year  for as little as One Euro per hour! We offer business to business and B2C. The One Euro per hour includes: set up, live hostesses, distribution of leaflets and samples, collection of valuable sales leads to you, electricity and cleaning. Estonian Expo Center is open 15 hours a day 7 days a week. There is no cheaper or better way to brand your company and products in the Baltics…. read more about why it works!