The Annual Award of the Employers’ Confederation of Latvia (LDDK) is awarded to the plywood manufacturer “VEREMS”

  blog/The Annual Award of the Employers’ Confederation of Latvia (LDDK) is awarded to the plywood manufacturer “VEREMS”

The Annual Award of the Employers’ Confederation of Latvia (LDDK) is awarded to the plywood manufacturer “VEREMS”

November 16, 2015

The Annual Award 2015 of the Employers’ Confederation of Latvia (LDDK) as the best employer in Latgale region is awarded to the RSEZ Company “VEREMS”. The RSEZ Administration is proud of one of the largest RSEZ companies, which is a successful example of the sustainable and socially responsible entrepreneurship for many years.

The company has inherited the best operational principles in the area of work environment from its mother-company “Latvijas Finieris”, enhancing them with the manufacturing of unique product both for Latvia, and the world – a birch plywood.

The LDDK awards to the best employers and the supporting institutions of Latvia were presented on 12 November 2015, in the atmosphere of the national celebrations. The event was attended by the President of the Republic of Latvia Raimonds Vējonis. In his address to the winners of the LDDK Annual Award, the President noted: “The work is the link connecting employers, employees, and the country. It requires significant abilities to perform the work, though it requires much more – to create the workplaces. Certain knowledge, entrepreneurial initiative, considerable courage, and daring are needed to do that. In Latvia, we are proud of you – entrepreneurial, talented, and capable individuals. Your knowledge, experience, and diligence creating strong enterprises have helped to create new workplaces, too. It is invaluable input in the national economy and in the recognition of Latvia in the world.”

“VEREMS” RSEZ SIA is one of the biggest employers in Latgale region employing more than 330 individuals. The company’s turnover has exceeded 25,44 million euro in 2014, the amount paid by the company in taxes was more than 1,87 million euro in 2014.

Up to now, the company has been awarded a number of times as one of the largest employers and taxpayers. In the annual award competition of the RSEZ commercial companies in 2014, based on the annual performance results, the “VEREMS” RSEZ SIA was awarded the letter of appreciation for the input in the RSEZ development in 2014, as well as the letter of appreciation for the social partnership and patronage in the area of culture and education in 2014.

At the end of 2013, the company has implemented the project “Expanding the manufacturing of the large-size plywood” that has included building of the new additional plywood manufacturing facilities with area 4200 m2, as well as installing the new equipment to increase the plywood production capacity up to 40 000 m3 per year. By investing in the development of technologies, the company has commenced manufacturing of the highest quality plywood, and has set off entering the new markets of more expensive products – overlaid birch plywood. The durability of the birch plywood could be prolonged by the method of overlaying – protecting it from humidity, fire, etc., therefore it has a comparatively larger market, for instance, in the area of transportation, allowing to export the plywood both to the EU countries, Japan, the USA, and other countries of the world.

“VEREMS” RSEZ SIA actively participates in the social dialogue (the collective agreement is signed, the labour union is presented), is a member of the industry association and a member of the local employers’ organization, implements the projects of social responsibility (the Forest Days, and others), enhances promotion of a respectable entrepreneurial practice, and shares its experience.