2004.08.03, Valmieras stikla šķiedra, RIG

JSC   "Valmieras   stikla  šķiedra"  increased  its  credit  line  with

"Hansabanka"  with  the  purpose  to  improve  cashflow.  To retain the

present  sales  growth  rate,  the  company needs more cash for inputs.

Together  with  the  increase  of the credit line, the value of pledged

assets was increased to LVL 6.33 million.



The  high  demand  in the company's produce has resulted in increase of

sales  figures  -  during  the  first 7 months of this year gross sales

amount  to  LVL  16.392 million, which is by LVL 4.759 million or 40.9%

more than the respective figure a year before.