LUG AWARDED BY PAIH FOR INTERNATIONAL ACTIVITY
25 October 2018
We are happy to announce that our company has been awarded the PAIH 2018 prize by the Polish Investment and Trade Agency in the Foreign Expansion category.
During the ceremonial Gala, on October 15, 2018, the Polish Investment and Trade Agency honored the best Polish exporters and foreign investors this year. LUG Light Factory was among 9 Polish companies awarded in the category of Foreign Expansion. The award honors the activity of our company on foreign markets. There are already 6 foreign companies being a part of LUG S.A. Capital Group and export activity accounts for more than half of our turnover. PAIH paid particular attention to the foreign expansion of LUG in South America, especially in Argentina, where already this Monday, October 29, the first production plant of our company will be officially opened.
We are happy that our activity is appreciated by Polish Investment and Trade Agency. At the same time, we continue our work on further international expansion. Internationalization is one of the pillars of the Strategic Development Directions of the LUG S.A. Capital Group established in 2017 under which, in 2021, as much as 75% of sales of our company is to be generated through international activities.