The industry is invited to come and join Largest in the region Forum that takes place 21-23 February 2018 in Jelgava. LIAA together with Metalworking Association and city of Jelgava is organizing industry gathering to get latest updates from Industry 4.0 as well as discussing educational challenges for the industry. Very important focus on RailBaltica project as a largest driving force for the industry for the coming years. Apply for updates and the forum here
The Metalworking and Machinery sector has historically been one of the leading industrial sectors in Latvia with around 80% of all goods being exported, today accounting for almost 22% of Latvia’s total manufacturing exports and 35 % of total Latvian exports. The sector covers a broad range of sub-sectors including tool production, ship building, electronics, and fiber-optics. The sector’s main activities are export-oriented contract manufacturing (automotive and electronics) and metal-processing activities. Latvian companies deliver their products to a number of well-known international companies – Scania, VOLVO, John Deere, SIEMENS and others.
Industry spans from basic metals production to the latest high-tech engineering areas and has developed key advantages required by ambitious business environment – excellent logistics infrastructure, easy access to raw materials due to beneficial geographic location, competitive labor force, and high competitiveness in higher value products. Furthermore, Latvia has one of the most competitive labor force in a metal article, machinery, and equipment production in CEE countries in terms of wage-adjusted labor productivity.