In 2019 Moduls Engineering accelerated its turnover growth
Last year, Moduls Engineering continued increasing its turnover. In 2019 it exceeded 17 million EUR. The amount of taxes paid to the state budget also increased. In 2019, the company paid the total of 1,8 million EUR in taxes to the state budget. In 2019, financial indices showed stable growth of the company, which continued on its development path started in 2018.
Structural changes implemented in the company and its accumulated professional experience demonstrate its ability to perform the most complex and extensive construction work ensuring performance of engineering tasks in Latvia and abroad. In each of its construction projects, following specifications of each individual project, the company performs installation of power supply and lighting systems, as well as control and management of water supply, sewerage, heat supply, heating, ventilation, air conditioning, low voltage and all building systems.
In 2019, Moduls Engineering designed and installed multiple electrical and building systems in such major projects as reconstruction of building 14A of Rīga Hospital No. 1, design and installation of low voltage systems in Gaiļezers Hospital, expansion of ORIGO Shipping Centre (construction of the new building, installation of security alarm, access control, telecommunications and video surveillance systems, interior heating network), upgrade of AZUR Shopping Centre, installation of heating, ventilation, air conditioning, power supply, water supply, sewerage, low voltage systems and external power supply and low voltage systems in the new building of the Rīga Classical Gymnasium, installation of heating, ventilation, air conditioning, power supply, water supply, sewerage, low voltage systems and external power supply and low voltage systems in the new building of the Rīga Zolitūdes Gymnasium, phase B of the Mežaparks Great Bandstand reconstruction, construction of museum repository complex, three interconnected social houses with Rīga Social Service Territorial Centre and day centres and health centres in Mežrozīšu Street.
‘In each of its projects, Moduls Engineering can offer integrated solutions that cover all work to install interior building services, programming, post-warranty service and project management. Using functionality of the Building Management and Automation System, we can ensure necessary climate and lighting solutions that allow switching off heating, ventilation or lighting when the premises are not in use. This way we can offer the most cost-effective and comfortable solutions to our clients’, explained Kristaps Grīniņš, Moduls Engineering Member of the Board.
Moduls Engineering is a part of AS MN Holding group of companies, and 2019 is its 25th year in business. In that time the company has grown from a lighting fixture retailer into one of the leading companies in the utility and electrical network sector of the construction industry.