AKG Thermotechnik Lettland

Its Latvian subsidiary, AKG Thermotechnik Lettland SIA, built its initial production facility in Latvia in 2005. The facility’s manufacturing focuses on coolers and cooling modules for construction equipment, agricultural equipment, compressors, and gas and diesel engines, serving customers in Europe, America and Asia. Among its clients are such industrial customers as Atlas Copco, CAT, CNH, Volvo CE, Daimler, Kaeser Kompressoren, Liebherr, Hamm and many others. With the revenue of approximately 33 million Euros in  2019, the facility employs almost  280 people. 

AKG is a worldwide manufacturer of coolers and heat exchangers for a broad range of industrial equipment and consumer appliances. The company has over 2,400 employees in 12 production facilities around the world, producing over 2.5 million units each year.

The company built the site in the city of Jelgava, benefitting from Jelgava’s developed metalworking sector and long tradition in automobile manufacturing, as well as a low-cost industrial park with highly developed infrastructure.

"The factory in Latvia has the lowest production expenses of all AKG’s factories in Europe, our low costs have enabled Jelgava to produce radiators even for buyers in Asia, where local factories did not have the capacity to fulfil all incoming orders." - Dr. Gerhard Ritzmann, Member of the Board

Origin country: Germany
In Latvia since: 2005
Number of employees (2020): 280
Total investment in Latvia: 40 000 000 EUR
Website: akg-group.com/

 

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