Balticovo

Balticovo is currently the leading producer of eggs and egg products in Northern Europe, and its chickens lay an average of 1.8 million eggs per day. It is also a full-cycle business, buying grain from local farmers and producing approximately 80,000 tonnes of chicken feed per year. Balticovo has more than 40 years of experience in the poultry business, but the most crucial point in its development was the period before Latvia joined the European Union. At that time, in order to continue operating as a business, it had to comply with EU directives, including veterinary directives and those pertaining to the welfare of animals. At that point, Balticovo decided to take a large, strategic step and significantly increase its operation, investing more than 30 million euros in its production units in order to engage more fully in exporting its products. By 2015, Balticovo was exporting almost 70% of its output. In 2016, the London Stock Exchange Group listed Balticovo in its first yearbook as one of the fastest- growing businesses in Europe. The Latvian business has also been a finalist in the import/export category in the prestigious European Business Awards 2015/2016 competition. Balticovo’s many years of experience in various markets play a large role in its success as a business. It is also important for its partners to know where its production lines and other equipment are made, and how they conform to animal welfare standards. Balticovo adheres to the well-known BRC quality system, which has the highest standards in the food products industry, and it also regularly undergoes special audits to ensure the quality of its production process. The intuition of the companys’ leaders in making the right decisions at the right time has also been a key to its success.

Valdis Grimze, council chairman