Valpro Corp.

The Latvian-Australian joint venture joint stock company Valpro Corporation with *0% of foreign investments and *0% of Latvian based capital is established in February ***2. In the beginning the corporation runs on foreign trade and international transport services. In ***3 JSC Valpro Corp. acquires wood working company Vidzeme Ltd. In December ***5 the Valmiera Fire extinguishing device plant (VuiR) "Latura" becomes a private enterprise. In ***7 Valmiera Ltd. is sold and JSC Valpro Corp. remains a metal fabricating company. From ***2 to February ***2 president of the company is Edgars Capus, then Aleksandrs Butins and from *7 th June ***3 the president's chair is taken by Gundars Kleinbergs, and the council consists of: Janis Lielcepure, Girts Rungainis, Valdis Mitenbergs.Structure of the board is: Gundars Kleinbergs, Zaiga Muizniece and Armands Berzins. At present foreign investments amount to *5% and the rest are Latvian based. JSC Valpro Corp financial indicators Period: Turnover (LVL): Export (%): ***5 3,**5,**2 ***6 2,**7,**7 *6.*0 ***7 3,**4,**2 *6.*0 ***8 3,**4,**8 *1.*0 ***9 2,**9,**4 *5.*2 ***0 4,**3,**5 *8.*4 ***1 4,**3,**6 *7.*0 ***2 6,**6,**2 *4.*9 ***3 4,**8,**4 *3.*3 ***4 6,**8,**0 *3.*0 One year after privatisation. Profit from metal fabricating is LVL 1,**1,**6 from total turnover.