Luminor Bank lends EUR 360,000 to Elbors metalworking company

• Published date: 10 May 2022
• Publication title: LETA

RIGA, May 10 (LETA) - Luminor Bank has extended a EUR 360,000 loan to metalworking company Elbors for the purchase and renovation of production premises, LETA was told at the bank.

Elbor representative Vladimirs Getikovs said that with the company's business growing and demand for its products increasing, Elbor needed new premises as the existing ones had become too cramped.

"The expansion will allow the purchase of new metalworking tables and improve the working conditions of the workers, as well as reduce operating costs, as the existing workshop is rented and has very low energy efficiency," the Elbor representative said.

Elbors makes various metal parts for furniture, food production...