Chemicals supplier opens Riga service center

One of the world’s leading chemical supply firms Allnex launched its new business services center in Rīga Thursday, announced the Latvian Investment and Development Agency (LIAA).

The new Riga service center will support Allnex operations in Europe and North America, providing about 120 local jobs in the finance, purchasing, personnel and data administration fields. The LIAA consulted the company in its search for premises, helping Allnex decide on locating its facility in Latvia.

Meeting with Allnex representatives Thursday, Minister of Economics Dana Reizniece-Ozola, whose husband Andris Ozols heads the LIAA, hailed the major new investment as a sure sign that Latvia is a business-friendly destination for global enterprises.

“We’ve decided to stay in Latvia, because we can count on the professionalism of our staff, plus the support and infrastructure for business we’ve received for the past two years from the LIAA and will continue to do so,” said Allnex CEO Frank Aranzana.

On his part LIAA director Ozols said that global business services were a development priority for the agency. He added that Allnex is already taking advantage of EU structural fund programs to organize training for its staff.

According to the new center’s director Sandra Zariņa, the company has probably already sunk more than €2 million into launching the facility, which already has a staff of around 80.

Operating across the globe with an annual turnover of $1.5 billion USD, Allnex provides specialized chemicals like resins, additives and crosslinkers for use on wood, metal, plastic and other surfaces to the architectural, automotive, consumer electronics, manufacturing, packaging and other industries.

Allnex is headquartered in Belgium, while the parent firm of limited liability company Allnex Latvia is based out of Luxembourg. The firm employs more than 2000 workers worldwide, serving more than 2500 clients from 17 certified manufacturing plants, 13 research and development centers and 2 joint ventures in Korea and Japan.

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Economy
Economy