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JUN 13, 2005 (newstodate): From June 1, Balti Logistika is operating from its new office in Riga, Latvia.
With the mother company, Balti Logistika in Tallinn, Estonia, the company has embarked on a strategy of expansion to provide services in all three Baltic states.
Thus, a subsidiary in Vilnius, Lithuania, was opened in April this year.
-Economic ties between Estonia, Latvia, and Lithuania are becoming stronger. The region is increasingly being viewed and approached from outside as a single joint market, says Vallo Arumae, Balti Logistika CEO.
-It is therefore essential to be familiar with all three markets to be able to offer flexible and tailored logistics solutions to Baltic customers as well as foreign partners. Opening our representations in Latvia and Lithuania surely contributes to meeting these objectives, he says.
Turnover of the two new subsidiaries is expected to contribute more than 30 percent of the total Group turnover within the coming three years.
In Estonia, Balti Logistika is partnering with Exel, but the expansion into Lithuania and Latvia is Balti Logistika's own venture as Exel already have own partners in these markets.
With the mother company, Balti Logistika in Tallinn, Estonia, the company has embarked on a strategy of expansion to provide services in all three Baltic states.
Thus, a subsidiary in Vilnius, Lithuania, was opened in April this year.
-Economic ties between Estonia, Latvia, and Lithuania are becoming stronger. The region is increasingly being viewed and approached from outside as a single joint market, says Vallo Arumae, Balti Logistika CEO.
-It is therefore essential to be familiar with all three markets to be able to offer flexible and tailored logistics solutions to Baltic customers as well as foreign partners. Opening our representations in Latvia and Lithuania surely contributes to meeting these objectives, he says.
Turnover of the two new subsidiaries is expected to contribute more than 30 percent of the total Group turnover within the coming three years.
In Estonia, Balti Logistika is partnering with Exel, but the expansion into Lithuania and Latvia is Balti Logistika's own venture as Exel already have own partners in these markets.