President of Latvia Awards “Olainfarm” with Certificate of Appreciation for Impressive Growth and Increase in Value


At the ceremony of “National Capital Awards” Chairman of the Board of AS “Olainfarm” Valerijs Maligins received a Certificate of Appreciation from President Andris Berzins of Latvia.  The Certificate was awarded celebrating impressive growth of the company that has been achieved through successful conquest of export markets.  Value of business of AS “Olainfarm” during six years has increased from 11 million lats to 90 million lats.  Company makes more than 90% of its revenues in export markets.

Andris Berzins and Valerijs Maligins

“We are glad that at the time of our 40th anniversary we get this highly appreciated.  I am thankful to everyone who has supported us during these years. We will continue working to ensure even further growth of “Olainfarm” and increase in its value and to have the sweet taste of success with us in future too,” says Valerijs Maligins, Chairman of “Olainfarm’s” Board.

“National Capital Awards” ceremony takes place along with publication of “Top 101 Latvian Highest Worth Companies in 2012”, a list prepared jointly by “Prudentia” investment bank and „NASDAQ OMX Riga”.  Value of AS “Olainfarm” this year compared to 2011 has increased by 76% from 51.35 to 90.65 million lats.  This has resulted in “Olainfarm” improving its position in the rank by 19 positions from 42nd place in 2011 to 23rd this year.

 A/s Olainfarm is one of the biggest pharmaceutical companies in Latvia with 40 years of experience in production of medication and chemical and pharmaceutical products. A basic principle of company’s operations is to produce reliable and effective top quality products for Latvia and the rest of the world. Products made by the Group are being exported to more than 30 countries of the world, including the Baltics, Russia, other CIS, Europe, Asia, North America and Australia.  

Information prepared by:
Salvis Lapins
Member of the Board
A/s „Olainfarm”
Tel: +371 6 7013 717