In Carnikava, the company plans to set up a specialized casting plant for magnesium alloys, as well as a research and development laboratory for innovative alloys and materials, investing more than €500,000 and creating at least 15 new jobs.
Some of the production is planned to be transferred to the territory of the former Riga Wagon factory, but how much of the production could be located there is currently not yet known.
Mežgarciems has been chosen because it is close to Riga, an industrial zone with new infrastructure in the midst of nature. “It is very important for us that employees feel good in a place where they have to work everyday,” said Eleonora Pole, board member of SMW Group.
The company plans to attract the workforce from the immediate surroundings – Riga, Vecmīlgrāvis, Ādaži and Carnikava.
SMW has been making products from light-metal alloys for more than 20 years: magnesium, aluminium, titanium, etc. Its main export product is discs for the auto and motto industry, supplied to Formula 1, MotoGP teams, as well as various manufacturers of supercars and electric vehicles in Europe and the United States.