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09.09.2024
SJSC Latvijas Pasts, in its ongoing efforts to enhance the company’s efficiency, will invest EUR 1.4 million in letter-post item processing and sorting equipment.
Thus, the company prioritises investments in infrastructure modernisation and process automation. Funding for the implementation of the project has been secured through the programme provided by the Development Finance Institution Altum for digital transformation of companies.
The set includes three automated letter processing and sorting machines, along with an equal number of postal item processing stations, which will be fully tailored to the specific needs and functions of Latvijas Pasts’ operations. The set will additionally incorporate optical character recognition technology, facilitating the recognition of handwritten information on items.
“Until now, processing letters has demanded significant resource allocation, making the automation of this cycle an essential step for the company’s future growth. The question of how to work smarter and more efficiently is relevant both to the national economy as a whole and to the industry. That is why we decided in favour of investing in this equipment,” says Andris Puriņš, Acting Chairman of the Board of Latvijas Pasts.
A. Puriņš adds that the new solutions will offer numerous benefits, including higher value letter processing, improved efficiency in mapping delivery routes, more comprehensive information regarding items and increased support for employees, particularly postmen, in their daily tasks.
This will allow the company to automate up to 95% of the processes in the letter processing cycle.
“The support programme for the digital transformation of companies provides a compelling funding solution, which includes full or partial repayment of the principal amount of the Altum loan with a capital discount, thereby improving the return on the project. This presents a valuable opportunity for companies of various calibres to leverage state support for the digitisation of processes and the modernisation of solutions, ensuring they remain contemporary and one step ahead of their competitors. Companies across diverse industries are taking advantage of the programme’s opportunities, and we are pleased to extend our support to Latvijas Pasts, a significant company for Latvia, which has ambitions for growth and development,” points out Reinis Bērziņš, Chairman of the Board of Altum.
The acquisition of a set of letter-post item processing and sorting equipment is part of the digitisation project, through which SJSC Latvijas Pasts aims to advance digital transformation by automating the processing and sorting of letter-post items, while also significantly expanding the parcel locker network in Latvia. The company is implementing the project in cooperation with the Development Finance Institution Altum within the European Union’s Recovery and Resilience Facility (RRF) under #NextGenerationEU.
About SJSC Latvijas Pasts
Latvijas Pasts is a state-owned company that operates in the fields of postal services, logistics and financial services. The company specialises in domestic and international deliveries, ranging from e-commerce and parcels to press, letter-post items and personalised logistics solutions. Latvijas Pasts provides services to both private individuals and business customers, utilising reliable air, water and land transit connections. The national postal operator employs approximately 2,200 people on its team.
Latvijas Pasts takes care of the customer experience at more than 155 post offices. The company is consistently introducing innovations and modern technologies, developing the country’s largest parcel machine coverage in 500 locations. The vision of Latvijas Pasts is to become the first choice of every Latvian resident for mail service.
Additional information:
Laila Kļaviņa | Head of Communications and Philately
E-mail: pr@pasts.lv, laila.klavina@pasts.lv
Latvijas Pasts social media profiles:
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