Yukon Advanced Optics Worldwide Group has established Pulsar Optics in Latvia, and Pulsar thermal imagers will be manufactured in Daugavpils. The planned investments in the development of the company will be five million euros, informs the Latvian Investment and Development Agency (LIAA).
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Viktors Smirnovs, director of the group’s subsidiary SIA “Pulsar Optics”, founded in Latvia, points out that the planned investment in the company’s development will be five million euros and in 2021 the company has several tasks: “Equip production facilities production must begin “.
“Latvia is a country very close to us, not only geographically, but also culturally and historically. In developing the investment investment plan, we were greatly supported by the Latvian Investment and Development Agency (LIAA) and the Ministry of Foreign Affairs, which significantly facilitated decision-making. “We are satisfied with the choice of Daugavpils in the Latgale region and the support instruments offered by the Latvian state to foreign investors, and we very much hope that we will soon be able to attract the required number of employees,” says Smirnovs. The director of Pulsar Optics emphasizes that the company has long-term plans in Latvia, and is currently actively looking for new employees at the level of both management and production specialists. The company cooperates with the personnel selection company “CVO Recruitment” and invites you to follow the announced vacancies.
Yukon Advanced Optics Worldwide is one of the companies that was approached by LIAA in the autumn of 2020 through the Ministry of Foreign Affairs. As a result of the cooperation, a company will be opened in Daugavpils this year, where it is planned to produce 40 thousand units of optical equipment per year, employing 150 workers. It is planned that the company’s turnover will reach 30 million euros in a few years. The Ministry of Foreign Affairs also provided significant support for the company’s entry into Latvia.
With the opening of the company in Daugavpils, Latvia will become the seventh country to be represented by Yukon Advanced Optics Worldwide. The company has also located its production facilities in Belarus, Great Britain, China, Lithuania, Russia and Ukraine. The company, headquartered in Lithuania, develops thermal, digital night and day vision optical equipment for civilian use. Expanding its operations, the Yukon Advanced Optics Worldwide Group has established Pulsar Optics in Latvia. Thermal cameras of the world-famous brand “Pulsar” will be manufactured in Latvia.
“The arrival of Pulsar Optics, an optical equipment manufacturer, in Latvia is a testament to our ability to offer a competitive business environment. In total, 17 companies that LIAA addressed during the Belarusian campaign have already decided to relocate or expand their operations in Latvia. We are pleased that several of these companies , including Pulsar Optics, has chosen Daugavpils as their place of business. This indicates that there is also a high potential for the development of innovative business outside Riga, “said Minister of Economics Jānis Vitenbergs.
LIAA believes that an important argument for the entry of the Yukon Advanced Optics Worldwide group into Latvia was the steps taken by the institution to create a unified environment of photonics and smart materials, in which such companies as HansaMatrix, Groglass, CeramOptec, LightGuide International are currently involved. RD Alfa Microelectronics and Eventech, but the industry as a whole covers dozens of companies. The UN Economic Development Report identifies photonics as one of the priority sectors with high development potential. Companies in the photonics and smart materials sector are attracting Horizon 2020 funds from the EU’s research and innovation support program to develop their products. In the future, by increasing capacity, ecosystem companies could also create joint industrial parks, combining production with scientific research.
“The establishment of a subsidiary in Latvia is the next step in the implementation of our long-term strategy. The global market for thermovisual devices has been growing rapidly for several years, so we decided to increase production capacity. Choosing Latvia was the optimal solution, because the necessary specialists are available and favorable An investment climate with good business potential that meets the development plans of our group of companies, “says Alexander Olshevsky, CEO of Yukon Advanced Optics Worldwide.
The company invests in and develops software for image processing and artificial intelligence. Last year, the company’s products were exported to more than 70 countries around the world. The largest export markets are the USA and Europe, where 80% of total exports are sold. Thermal imagers and digital night and day optics developed by Yukon Advanced Optics Worldwide are used in the hunting, marine and security industries. The company is one of the few manufacturers that provides a full production cycle and currently offers more than 200 products. The group of companies consists of nine companies, headquartered in Lithuania, but production is provided in seven countries around the world. The group of companies has a total of more than 1,100 employees.
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