LNK Industries JSC shows a significant turnover growth in 2013

LNK Industries JSC has shown the most rapid growth among the largest construction companies in Latvia according to the TOP 500 for the year 2013, arranged by "Dienas Bizness" newspaper.

Company's turnover has grown by 183.63% in 2013 in comparison with 2012, thus placing it on 7th place from 2012's 20th place in the TOP of construction industry. LNK Industries JSC enterprise has significantly improved its position in the overall list of TOP 500 from 388th place in 2012 to 129th place in 2013.

"The company is developing dynamically, operating in all infrastructure, industrial and civil construction sectors, thus increasing the volume of production. Our company is still paying close attention to staff selection, attracting both young and experienced professionals. We are also working closely with foreign customers," says LNK Industries JSC board member Jevgenijs Locovs, explaining the success of the enterprise.   

Latvijas tilti JSC, which is a part of LNK Group holding, had almost as impressive leap, moving from 276th place in 2012 to 170th place in 2013.

Another enterprise of the LNK Group holding has managed to increase its turnover by 111.39% in 2013 – a newcomer of the TOP – Enfort LLC. The rapid turnover growth moved the company to 17th place of the TOP.

TTS LLC (Transportation Technology Systems), which is a part of LNK Industries JSC, also had shown a noticeable turnover. Technology equipment manufacturer TTS LLC has increased the turnover by 183.9%, which is the biggest increase among the metal-processing industry enterprises in Latvia. It places the enterprise to the honourable 10th place in the metal-processing industry TOP.  

Board member of the TTS LLC Mihails Matvejevs explains the rapid increase: „We are creating more and more complex equipment with higher value added, thus increasing the turnover. The enterprise successfully operates for more than 20 years. Throughout this time we were constantly and systemically striving for becoming the best – manufacturing more and more complex equipment, piling up the knowledge, conducting researches and developing our own solutions. All other LNK Group enterprises were simultaneously moving to the same direction. This is a long-term strategy of the holding, which is definitely risky, but the idea itself is more significant to us. As a result, for example, we began to construct modern marine terminals within our holding in cooperation with LNK Industries. The enterprise is carrying out the whole construction cycle – from project development to realisation of customer’s ideas.”

The magazine summarizes Latvia’s biggest, most profitable and most viable enterprises for the eighteenth year in a row. "Dienas Bizness" newspaper this year issues the magazine in cooperation with information technology enterprise Lursoft IT, Investment and Development Agency of Latvia (LIAA) and DNB bank.