Putrins indicated that the cheese maker has been working to expand to new markets in Europe, as well as in the East, including Asia where Limbazu Siers could sell its hard cheeses. This year, Limbazu Siers has started exports to several new markets including the Netherlands and Italy.
In Putrins' words, the company has established a fairly successful cooperation with business partners in Italy who have been receiving a few cargoes each week from the Latvian company.
In the future, Limbazu Siers also hopes to start exports also to China. "I appears that something positive is developing with China, we'll see how it goes," Putrins said.
In order to increase production, Limbazu Siers plans to invest in cheese production equipment this year, attracting EU co-funding for these projects. The company's output will be increased depending on demand in the market, Putrins said.
In 2014, Limbazu Siers cheese maker generated €7.8 million in sales, which is more than double the amount for 2013, while the company also recovered from losses to earning €145,700 in profit.
The company was founded in 1993, but due to the steep rise of milk price it suspended production in 2013. The company's share capital is 3.37 million euros. Limbazu Siers is a joint stock company, therefore it does not have to provide information about its owners to the Companies Register.