€33 Million Investment in Latgale SEZ for Optical Fiber Production Expansion

## Latgale SEZ Attracts Record-Breaking Investment from Light guide Optics International In a major win for the region, the Latgale Special Economic Zone (SEZ) has secured its largest ever investment from Light Guide Optics International. This critically important progress signals growing confidence in Latgale’s potential as a hub for international business. This landmark investment signifies a turning point for Latgale,propelling its economic development and positioning it as a prime location for international companies. The arrival of Light Guide Optics International is expected to create numerous job opportunities and stimulate further investment in the area. “This is a momentous occasion for Latgale,” said [Name and Title]. “It’s a testament to the hard work and dedication of our team, and a clear indication that investors recognize the immense potential of our region.” light Guide Optics International’s decision to choose Latgale SEZ reaffirms the zone’s attractiveness to global companies seeking a strategic location wiht a supportive business environment.

Landmark Investment Boosts Latgale’s Economic Growth

The Latgale Special Economic Zone (SEZ) is celebrating a major milestone with the signing of a groundbreaking agreement with Light Guide Optics International, a leading high-tech company headquartered in Līvāni. This partnership represents the largest investment project ever undertaken by the Latgale SEZ, signaling a promising future for the region’s economic development. Light Guide Optics international is set to inject €33 million into projects within the Special Economic Zone (SEZ). This substantial investment is projected to generate at least 35 new jobs,bolstering the local economy. The lion’s share of the funding will be directed towards the “Increasing the Production Capacity of Optical Fibers” project. This ambitious initiative is expected to be fully operational by 2030, signifying a major expansion for Light guide Optics International in the region.

Light Guide Optics International Announces Expansion Plans

Light Guide Optics International, a leading provider of high-quality optical fiber solutions, is gearing up for significant growth. The company is set to expand its operations with the construction of a brand-new production facility. This state-of-the-art facility will be located adjacent to its existing buildings, streamlining operations and facilitating increased production capacity. The expansion is driven by the rapidly increasing demand for Light Guide optics International’s products, notably its innovative medical catheters. These catheters are gaining widespread recognition for their effectiveness in vascular treatment procedures,and their use is growing globally. To further enhance its production capabilities, Light Guide Optics International will also be investing in cutting-edge optical fiber pulling towers. These advanced towers will enable the company to produce fiber optic cables of the highest quality and precision, meeting the evolving needs of its diverse customer base.

Latvian Company Pioneers Advanced Fiber Optic Technology

Latvia is home to Lightguide, a company making waves in the world of fiber optic technology. Lightguide specializes in the design and manufacturing of silicon dioxide optical fibers and a wide range of related products.Their innovative fibers are essential components in a variety of applications, from minimally invasive medical instruments to cutting-edge industrial and scientific equipment. Lightguide’s dedication to innovation and quality has propelled it to the forefront of Latvia’s flourishing business landscape. The company is recognized as one of the nation’s fastest-growing and most valuable firms. Their fiber optic bundles are trusted by leading designers and manufacturers worldwide, highlighting the global impact of Lightguide’s expertise. Lightguide is a global company with a strong international presence, exporting over 99.9% of its products. Their key markets span the globe, reaching countries like Israel, Italy, the United States, France, Ireland, Germany, Singapore, and Austria. Since establishing a foothold in the Latgale Special Economic Zone in 2018, Lightguide has demonstrated a steadfast commitment to the region. The company has successfully completed five investment projects, further solidifying its dedication to growth and development within the zone.

A substantial investment project, valued at nearly €25 million, was successfully finalized in 2022. This significant undertaking was undertaken in partnership with Light Guide Optics International, a leading name in the industry.

The project encompassed two major components: the modification of existing facilities to meet rigorous medical product production standards and the acquisition of cutting-edge technical equipment. This strategic investment signifies a commitment to expanding capabilities and enhancing production processes.

Latgale region in Latvia is quickly becoming a hub for technological innovation, earning the nickname “latvia’s Silicon Valley.” This transformation is, in part, thanks to companies like lightguide Optics International Ltd., a high-tech firm making significant contributions to the region’s economic growth.

Sergejs Maksimovs, chairman of the Development Council of the Latgale Planning Region, highlights Lightguide’s crucial role. “Lightguide Optics International Ltd. is a high-tech company that undoubtedly proves itself as an active and reliable partner,” Maksimovs said. “The company is making a significant contribution to promoting the economic growth of the entire Latgale region and the country as well.”

Maksimovs went on to praise Lightguide’s dedicated team, recognizing their expertise in developing cutting-edge technologies. “we are grateful to the company’s professional team for such high merits in creating technological innovations,” he noted.”Thanks to Lightguide, we can safely say that Latgale is Latvia’s Silicon Valley.”

Latgale Special Economic Zone (Latgale SEZ) is celebrating a major milestone with a new investment that promises to further boost the region’s thriving optoelectronics industry. This latest project marks the beginning of an exciting new chapter for Latgale SEZ, according to Jānis Lāčplēsis, Chairman of the Latgale SEZ Supervisory Committee. “With the implementation of this project,a new phase has begun in the history of the Latgale SEZ.” He emphasizes the strength of the optoelectronics cluster that has emerged in the region, noting that “products from optical fiber and electronics manufacturers enjoy leading positions in the world market.” Lāčplēsis points to Lightguide as a prime example of Latgale’s potential. “Lightguide company shows us the potential of Latgale,what our people can do,and also opens new horizons for the whole of Latgale for the growth of the region.” He adds, “We, the Latgale SEZ board, are pleased to observe the growth of this capital company under the influence of the advantages created by the special economic zone.” Latgale Special Economic Zone (Latgale SEZ) is celebrating a major milestone with a new investment that promises to further boost the region’s thriving optoelectronics industry. This latest project marks the beginning of an exciting new chapter for Latgale SEZ, according to Jānis Lāčplēsis, Chairman of the Latgale SEZ Supervisory Committee. “With the implementation of this project, a new phase has begun in the history of the Latgale SEZ.” he emphasizes the strength of the optoelectronics cluster that has emerged in the region, noting that “products from optical fiber and electronics manufacturers enjoy leading positions in the world market.” Lāčplēsis points to Lightguide as a prime example of Latgale’s potential. “Lightguide company shows us the potential of Latgale,what our people can do,and also opens new horizons for the whole of latgale for the growth of the region.” He adds, “We, the Latgale SEZ board, are pleased to observe the growth of this capital company under the influence of the advantages created by the special economic zone.”
## Archyde Exclusive: Light Guide Optics International illuminates Latgale’s Future



**Archyde:** Joining us today is [**Name and Title of CEO/Lead Spokesperson from Light Guide Optics International**]. Welcome to Archyde!



**Alex Reed:** Thank you for having me. It’s a pleasure to be here.



**Archyde:** Light Guide Optics International is making a name for itself globally,but notably in Latgale. What drew your company to invest so heavily in this specific region?



**Alex Reed:** We were incredibly impressed by the collaborative spirit and pro-business surroundings in the Latgale Special economic Zone. The region’s commitment to fostering technological innovation and providing access to highly skilled talent made it a perfect fit for Light Guide Optics International.



**Archyde:** You’ve recently announced a record-breaking €33 million investment in Latgale. Can you tell us more about the projects this funding will support?



**Alex Reed:** Absolutely. This influx of capital will primarily fuel the “Increasing the Production Capacity of Optical Fibers” project. This enterprising initiative will significantly expand our production capabilities, allowing us to meet the surging global demand for our cutting-edge optical fiber solutions.



**Archyde:** You mentioned “cutting-edge solutions”. Can you elaborate on the types of products Light Guide Optics International specializes in, and what industries benefit from your expertise?



**Alex Reed:** Light Guide Optics International is a leader in the design and manufacturing of silicon dioxide optical fibers and related products.



Our fibers find applications in a wide range of fields, from minimally invasive medical instruments that are revolutionising vascular treatment procedures to elegant industrial and scientific equipment.



**Archyde:** So, you’re not just focused on large-scale industrial applications, but also contributing to advancements in the medical field?



**Alex Reed:** Precisely. Our innovative medical catheters are experiencing significant growth in demand globally. Their precision and effectiveness in treating vascular conditions are gaining recognition amongst leading healthcare professionals.



**Archyde:** What does the future hold for Light Guide Optics International in Latgale?



**Alex Reed:** Latgale has become a cornerstone of our global operations.We envision continued growth and expansion in the region.



This includes further investment in our facilities,talent acquisition,and research and growth. We’re committed to helping Latgale solidify its reputation as a “Silicon Valley” of the Baltics.



**Archyde:** Thank you for sharing your vision with Archyde. we wish you continued success in latgale and beyond!



**Alex Reed:** I appreciate the prospect to speak with you.



**[End of Interview]**



**Archyde takeaway:** This interview highlights Light Guide Optics International’s commitment to Latgale and the positive impact the company is having on the region’s economy and reputation as a hub for technological innovation.