Type Joint stock company Industry Alcoholic beverages Founded 1997 Parent organization Amber Beverage Group Ltd. | Traded as Nasdaq Baltic: BAL1R Headquarters Latvia Number of employees 613 (2012, 2011) | |
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Key people Aigars Kalvītis (Chairman)
Guntis Āboltiņš-Āboliņš (General Director) Revenue 47,365,207 LVL (2012)
46,913,835 LVL (2011) Operating income Stock price BAL1R (RSE) € 7.51 +0.14 (+1.90%)13 Mar, 10:20 AM GMT+2 - Disclaimer | ||
Latvijas Balzams (English: Latvian Balsam) is the largest alcoholic beverage producer in the Baltic states headquartered in Riga. As of 2006, it had a market share of about 50% in Latvia. The company has a long history as the beginning of it can be considered 1900 when Riga State Spirits Warehouse No.1 started operation as it later changed its name to Latvijas balzams in 1970 and eventually became a public joint stock company in 1997. Its flagship product is Riga Black Balsam which is a traditional Latvian herbal liqueur.
References
Latvijas Balzams Wikipedia(Text) CC BY-SA