CSection

Manufacturing

Section C is manufacturing — turning raw materials into finished products. It is a broad sector, with divisions ranging from food and beverages to metals, electronics and machinery. In Latvia the largest are food (10) and wood processing (16), followed by fabricated metal (25) and machinery (28). A few large exporters, especially in wood, earn most of the turnover, while most companies are small and run on thin margins.

12,805 companies in Latvia are classified under NACE code C.

Sub-categories (24)

1010 Manufacture of food products 1111 Manufacture of beverages 1212 Manufacture of tobacco products 1313 Manufacture of textiles 1414 Manufacture of wearing apparel 1515 Manufacture of leather and related products of other materials 1616 Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials 1717 Manufacture of paper and paper products 1818 Printing and reproduction of recorded media 1919 Manufacture of coke and refined petroleum products 2020 Manufacture of chemicals and chemical products 2121 Manufacture of basic pharmaceutical products and pharmaceutical preparations 2222 Manufacture of rubber and plastic products 2323 Manufacture of other non-metallic mineral products 2424 Manufacture of basic metals 2525 Manufacture of fabricated metal products, except machinery and equipment 2626 Manufacture of computer, electronic and optical products 2727 Manufacture of electrical equipment 2828 Manufacture of machinery and equipment n.e.c.2929 Manufacture of motor vehicles, trailers and semi-trailers 3030 Manufacture of other transport equipment 3131 Manufacture of furniture 3232 Other manufacturing 3333 Repair, maintenance and installation of machinery and equipment

Financial Aggregates

FY 2025

€6,914,966,789

Total Revenue

68K

Employees

€5,697,359,466

Total Assets

€3,520,578,374

Total Equity

4.5%

Profit Margin

8.8%

ROE

€101,686

Revenue / Employee

€48,620

Median Revenue

Median Employees

€30,008

Median Assets

€5,988

Median Equity

1.8%

Median Profit Margin

8.8%

Median ROE

Top Companies

#	Company	Total Revenue	Employees	Profit Margin
1	Akciju sabiedrība "LATVIJAS FINIERIS"	€413,845,498	3K	12.5%
2	Sabiedrība ar ierobežotu atbildību "KRONOSPAN Riga"	€222,163,803	270	-4.3%
3	"LATGRAN" SIA	€221,227,027	126	11.4%
4	"BSW LATVIA" SIA	€89,975,906	193	4.1%
5	SIA "Vika Wood"	€87,583,084	138	2.0%
6	Bucher Municipal SIA	€85,459,437	383	2.7%
7	AE Partner Liepājas speciālās ekonomiskās zonas SIA	€75,623,232	507	4.7%
8	Sabiedrība ar ierobežotu atbildību "LIVONIA PRINT"	€73,646,715	543	2.8%
9	Sabiedrība ar ierobežotu atbildību "KUREKSS"	€73,000,069	146	5.0%
10	Akciju sabiedrība "Preiļu siers"	€71,840,761	634	0.7%

No companies found for this NACE code.

NACE Rev.2/2.1, VID tax data 2022–2024