"OP Corporate Bank plc" starts working with Primekss Group, becoming its main bank

[08.09.2021]

Having received the ALTUM Investment Fund’s co-financing for a loan, Primekss, one of the world’s leading concrete technology companies and a top exporter in Latvia, has started collaboration with OP Corporate Bank plc, choosing it as the company's main bank.

Elmārs Prikšāns, head of the OP Corporate Bank plc Latvia Branch: "Supporting Latvia's leading businesses, fostering their growth through innovative, sustainable and climate-friendly solutions forms the basis for the long-term development of our country and the region as a whole. We are pleased to be a part of this growth and move forward together with some of our leading businesses that have found success not only on the Latvian market, but also the global one."

The financing provided by the Investment Fund, and obtained via Latvian public and private pension funds, is to contribute to the company’s focus on its future growth, given the COVID-19 pandemic. With the global expansion of e-commerce, the demand for warehouses, logistics centres and specialised production plants has increased significantly, and for these applications, Primekss Group can provide an innovative and unique seamless concrete floor laying technology, which is not only remarkable for its excellent strength, but also creates up to 70% less in CO2 emissions.

The deal is financed in conjunction with OP Corporate Bank plc; in the future the bank will provide the company with all the day-to-day financial services it needs.

Primekss has been operating in the field of industrial flooring for almost 25 years and is one of the world’s leading producers of industrial flooring. At the moment, Primekss exports its products to 25 countries around the world, employing more than 360 people, with the total scope of construction performed this year by the group to exceed 70 million euros.