2001.09.17, Valmieras stikla šķiedra, RIG

JSC  "Valmieras  stikla  šķiedra"  has  made  a net profit of LVL 251.2

thousand  in the first 7 months of 2001, whereas net profit made in the

first  8  months  of  the  year  is  LVL 276.6 thousand. The net profit

forecast for 2001 is LVL 150

thousand.

August  13  is a historical date for the company - the first fibreglass

output  came from the new production unit. The capacity of the new unit

will  be  further  developed on a step by step basis over 2001 and will

reach  10.000  tons of fibreglass per year. Over the years to come, the

new investment of LVL 9.4

million  is  expected  to  double  the  output  and sales of fibreglass

products.