Main shifting points

2014

    Building of the new production plant in Balvi was finished, and fully automated most modern factory in the Baltic states with the total area of 5100 m2 and maximum capacity to produce 600 000 m3/year of Baltic peat moss and substrates was officially opened; 
    About 120 employees are currently working in our company.

    2012

    New expansion of peat land in Sigulda;
    Starting new project in Balvi – acquired rights for a rent of 112 ha peat bog in Lutinānu peat bog;             
    Agreement with Latvian investment and development agency on European Union co-financing for a project  “Establishment of a new peat processing factory in Balvi”.

    2011

    A new office in Riga was opened with sales and logistics under one roof.

    2010

    Plant modernisation project was implemented in Rucava and new modern equipment purchased in order to  manufacture products with a higher added value – peat substrates;
    New expansion of peat land in Rucava.

    2009

      Building of the production plant in Rucava was finished and new start began with the celebration of an official opening event;
      25% of shares from Balozi & Ko were acquired with 600 ha peat land and own production plant.

      2008

      Laid foundation and completely finished construction of the new plant;
      Administration and logistics moved from Riga to Rucava under one roof.

      2007

      New project for a modern production plant in Rucava was started.

      2001

      Founded in 2001, Compaqpeat gained its new name in the beginning of the year 2007.