Reg.#: LV40103266905

Bank name: JSC Rietumu Banka

SWIFT: RTMBLV2X

Bank account: LV41 RTMB 0000602801868

The History of ESP European Steel Production

“ESP European Steel Production” Ltd was created to serve Customers who need to receive components ready for further mechanical assembly and installation, thus outsourcing the full cycle from raw material preparation to surface finishing and packaging.

Over 15 years of operation ESP developed competences to ensure complete technological chain – cutting/bending, assembly and welding, machining, painting.

  • 2010

    The Beginning

    “ESP European Steel Production” Ltd registered, and co-operation with major Customers from Norway is established.

    • 2010-1
    • 2010-2
  • 2011-2014

    Growth in Production & Key Customers

    Gradual increase in production volumes and turnover.

    Key Customers:

    • Doosan Infracore Norway
    • Øveraasen AS (Norway)
    • Heimdal Skonto (Latvia)
  • 2014

    New Laser & 400T Press Operational

    Start of operation of new laser cutting machine and 400 t press break

  • 2015-2017

    Key Customers & Growth

    Extension of Customer list and further increase of production volumes

    Key Customers:

    • Doosan Infracore Norway
    • Øveraasen Group (Norway, Germany)
    • Aerodium Ltd (Latvia)
    • MDT Group (Latvia, Germany)
  • 2017

    Launch of HAAS VF-4 CNC and Serial Production for Øveraasen AS

    Start of operation of the first CNC machining center HAAS VF-4.

    Start of serial production of element snow ploughs for Øveraasen AS

  • 2018

    Turnover ~6M EUR

    122 pcs element snow ploughs produced; turnover reaches next to 6M EUR

  • 2019

    FERMAT CNC Launched | Brunvoll AS Deliveries Begin | Dump Truck Parts Production Starts

    Horizontal machining center FERMAT is put into operation thus increasing technological capabilities of ESP.

    Start of deliveries to Brunvoll AS (Norway)

    Production of components for new generation of articulated dump trucks for Doosan/Hyundai starts.

  • 2020-2022

    ESP Maintains Regular Shipments During COVID-19

    Over COVID-19 pandemic period ESP continues regular shipments to all customers

  • 2022

    Turnover Hits 7M EUR

    Start of operation of CNC lathe and robotic welding cell.

    The company’s turnover hits 7 MEUR level.

  • 2023-2024

    Production Growth & New Equipment Boost Operations

    Production volumes continue growth, turnover exceeds 8 MEUR.

    New equipment in operation:

    • Second vertical machining center HAAS VF-6
    • Large size lathe (ø800 x 5000 mm)
    • The third painting chamber