Valmieras stikla šķiedra

About issuer

Name: AS “Valmieras stikla šķiedra”
Core business: Production of glass fibre
Auditor: KPMG Baltics
Date of listing: 24.02.1997. (I-list); from 21.05.2007 Baltic Secondary List
Market: Nasdaq Riga

Supervisory Board:
Heinz-Jürgen Preiss-Daimler (Chairman), Jöran Pfuhl, Andris Oskars Brutāns, Stefan Preiss-Daimler

Management Board:
Stefan Jugel (Chairman), Andre Heinz Schwiontek, Doloresa Volkopa*, Ģirts Vēveris

*until June 1, 2019, more information here.

Background information

Valmieras stikla šķiedra, AS and its subsidiaries (hereinafter – Valmiera Glass Group or the Group) is one of the leading glass fibre manufacturers in Europe, with more than 50 years of experience in fiberglass production. Valmiera Glass Group's core business areas are glass fibre research, glass fibre product development, production and trade.

Valmiera Glass Group is the only group in the world with a vertically integrated structure and a wide range of glass fibre products for the thermal insulation market with a temperature resistance up to 1250°C.

The Group’s holding company Valmieras stikla šķiedra, AS specializes in manufacturing glass fibre and glass fibre products using three different types of glass: E-glass with a temperature resistance of 600+°C, HR-glass with a temperature resistance of 800+°C and SiO2-glass with a temperature resistance of 1000+°C. The glass fibre production of Valmieras stikla šķiedra, AS is used for further processing, in technical (electrical, thermal and acoustic) insulation materials and as finished materials in mechanical engineering, construction, and elsewhere.

The subsidiary Valmiera Glass UK Ltd. produces fiberglass products for the aviation industry, thermal insulation and architecture, while P-D Valmiera Glass USA Corp. produces non-woven glass fibre materials or glass fibre mat, which are most commonly used as thermal and acoustic insulation materials in the automotive industry, shipbuilding, power plants, construction, production of household appliances, etc.

All the companies of the Valmiera Glass Group operate in accordance with the Quality Management System Standard ISO 9001. The parent company of Valmiera Glass Group, AS Valmieras stikla šķiedra, is certified in accordance with the requirements of Energy Management Standard ISO 50001 and Environment Management Standard ISO 14001:2004.


Informative materials:
Presentation presented at the Investor Conference Webinar and Webinar recording (February 8, 2012)

Address: Cempu iela 13, Valmiera, LV-4201, Latvia
Phone: +371 64202216
Fax: +371 64281216

Contactperson: Stefan Jugel
Phone: +371 64202213
Fax: +371 64281216

Issuer documents

Event type Document date Documents
Admission 2018, July Summary – LV (2.2 MB)
Description of securities – LV (2.3 MB)
Share registration document – LV (8.2 MB)
Takeover 2018, February Prospectus of the mandatory takeover bid – EN,LV (2.8 MB)