President of Latvia Awards Olainfarm with Certificate of Appreciation for Impressive Growth and Increase in Value

on October 23, 2012

At the ceremony of “National Capital Awards” Chairman of the Board of JSC Olainfarm Valerijs Maligins received a Certificate of Appreciation from President Andris Berzins of Latvia. The Certificate was awarded celebrating impressive growth of the company that has been achieved through successful conquest of export markets. Value of business of JSC Olainfarm during six years has increased from 11 million lats to 90 million lats. Company makes more than 90% of its revenues in export markets.

17.10.12. Muzejā "Rīgas birža" notiek Latvijas vērtīgāko uzņēmumu Top 101 paziņošana - apbalvošana. Pasākumā piedalās Valsts prezidents Andris Bērziņš, ekonomikas ministrs Daniels Pavļuts, desmit vērtīgāko Latvijas uzņēmumu vadītāji

“We are glad that at the time of our 40th anniversary we get this highly appreciated. I am thankful to everyone who has supported us during these years. We will continue working to ensure even further growth of Olainfarm and increase in its value and to have the sweet taste of success with us in future too,” says Valerijs Maligins, Chairman of Olainfarm’s Board.

“National Capital Awards” ceremony takes place along with publication of “Top 101 Latvian Highest Worth Companies in 2012”, a list prepared jointly by Prudentia investment bank and NASDAQ OMX Riga. Value of JSC Olainfarm this year compared to 2011 has increased by 76% from 51.35 to 90.65 million lats. This has resulted in Olainfarm improving its position in the rank by 19 positions from 42nd place in 2011 to 23rd this year.


JSC Olainfarm is one of the biggest pharmaceutical companies in Latvia with more than 40 years of experience in production of medication and chemical and pharmaceutical products. A basic principle of company’s operations is to produce reliable and effective top quality products for Latvia and the rest of the world. Products made by the Group are being exported to more than 35 countries of the world, including the Baltics, Russia, other CIS, Europe, Asia, North America and Australia.


Information prepared by:

Salvis Lapins
Member of the Board
JSC Olainfarm
Tel: +371 6 7013 717
Cell: +371 2 6448 873


President of Latvia Awards Olainfarm with Certificate of Appreciation for Impressive Growth and Increase in Value