Liepaja City Construction Board Commission commissioned the new production facilities of LSEZ "Jensen Metal" SIA in the Karosta Industrial Park5th January, 2022Entrepreneurship

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    On January 4, the Liepaja City Construction Board Commission commissioned the new production facilities of LSEZ “Jensen Metal“ SIA in the Karosta Industrial Park. The new stainless-steel plant of 13.5 thousand square meters has been built next to the already existing Jensen Metal production facilities.

    Construction of the plant was begun in February, 2021, and only one year was needed to SIA “Bukoteks“ to finish construction works according to SIA “LVCT“ design. Direct construction costs amount to 8.6 million euro alongside with about 4 million euro, invested in purchasing the equipment and machinery.

    LSEZ SIA “Jensen Metal” SIA appears to be the first tenant in the Karosta Industrial Park. The idea to create the Karosta Industrial Park arose in 1999 in order to promote creation of new jobs, to increase the amount of taxes to the city and the state budget so that to gain additional funds to education, culture and sports and other vital city projects. However, due to a number of reasons, it was only in 2015, when the municipality, in cooperation with the Liepaja SEZ Authority, managed to attract the European Union Regional Development Fund and the Karosta Industrial Park project “Development of Business Territories and the Necessary Public Infrastructure in Liepaja” was implemented. Thus, more than 20 hectares of the former military brownfield lands were re-cultivated and equipped with the necessary business infrastructure, public street infrastructure, lighting, pedestrian and cycle paths.