Current Affairs
Hili Company to invest €30 million in its Riga enterprise

A Maltese company which had started investing in a freeport terminal in the Latvian capital Riga 23 years ago, has continued to build on its success over the years, and is planning to invest 30 million euro over the next three years in its Riga project.

In 1996 the local Hili Company opened the Baltic Container Terminal in the Latvian capital’s freeport. Over the years the company has continued to step up its rhythm in this terminal, and today latest figures show that 70% of container merchandise in Latvia passes through the Hili Company terminal.

Ansis Zeltins, Chief Executive of the Riga Port Authority, stated that “BCT is one of the oldest terminals and port operators in the port of Riga and the biggest container terminal in the port of Riga. They shift more than 60% of all the containers shifting through the port of Riga.”

Hili Company Chief Executive Edward Hili stated that over the next three years the company will be extending the terminal and jetty to cope with larger vessels, a project scheduled for next year, and a new 11,000 square metre warehouse is scheduled for completion this year, as well as a ship to shore crane specialised in this work and expected to be added next year.

Edward Hili further stated that “in recent years we’ve seen quite significant growth in volumes here at BCT. We’re handling around 300,000 BTUs so we’re seeing the need to undertake the next phase of development of the terminal to take it to the next level and also to be able to handle the larger vessels which we are now seeing entering into the Baltics.”

The Hili Company employs 200 personnel at the Baltic Container Terminal. Besides this investment at the Riga freeport, the company also owns the Elipse Centre, which includes facilities for trade and logistics as well as warehouses very close to Riga airport. There are also plans for more investment and expansion here.

“Infact we already have another 10,000 square metres of foundations built for an additional warehouse. We’re seeing strong demand for that and we’re working with prospective clients to see exactly what their requirements are and adapt the development as such to suit their requirements.”

The Hili Company’s investment in the Elipse Building has led to companies with container merchandise using these warehouses now being able to unload, store and reload in an efficient manner.

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