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STUTTGART workshop introduces a new business line – exclusive car storage in a closed capsule

The financing issued by INDUSTRA allows STUTTGART workshop to expand its operations and introduce a new business line - long-term storage of cars in closed capsules.  

Industra Bank and STUTTGART workshop LLC have concluded an agreement on an investment loan for the expansion of economic activity. The obtained financing was used for the purchase of real estate at Kārļa Ulmaņa gatve 114, Rīga, and has allowed the company to expand its operations by creating a new business direction – vehicle storage and maintenance under the STUTTGART car care brand.

Igors Kostjukovs, the STUTTGART workshop member of the board, points out: One third of the purchased premises, in cooperation with the world-class company RUPES, will house the most modern “detailing” studio in the Baltic States, as well as a modern car body service center. The other two thirds will be used for the construction of closed capsules for long-term storage of cars. This service is highly anticipated among owners of exclusive and seasonal vehicles. I am glad that INDUSTRA appreciated our intentions and provided funding for its implementation. Thanks to INDUSTRA, we have the opportunity not only to develop our company locally, but also to cooperate with world’s market leaders and provide the highest level of service to our customers. The opening of the new and modern "detailing" service center is planned for this spring, and the car storage is already available today".

Raivis Kakānis, Chairman of the Board of Industra Bank, expresses satisfaction with the opportunity to finance the introduction of a new, unusual service in Latvia: “The team of STUTTGART workshop has noticed an opportunity in the market - a niche for which there is an unmet demand, and I am pleased that INDUSTRA funding will allow this idea to be fulfilled. The desire to seek, see and implement opportunities is an important quality on the way to success, and it unites us".

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