Leax Group is a leading contract manufacturer of mechanical solutions for a range of sectors including commercial vehicles and automotive, mining and construction, and general industry. With average annual revenue of 100 million Euros, Leax has clients around the world.
It has three production facilities in Sweden, two in Latvia and one in Brazil, for a total of approximately 450 employees. In 2001, the company started operations in Latvia as Leax Baltix and completed its first plant in Riga in 2003. One of the main business drivers of opening a factory in Latvia was to complete Leax’s order portfolio with products produced on semi-automated lines using CNC machines.
The company’s experience in Latvia has been favorable, and it has built a second plant in the Rēzekne Special Economic Zone in 2008—the capacity of which was subsequently expanded in 2011 with an investment of 2.1 million Euros.