More positive news!
BaltCap Infrastructure Fund (BInF) portfolio companies with partners and Labochema supplied 50,000 respirators, 75,000 3-ply masks, over 100,000 gloves, 5,000 rapid tests and other personal protection equipment to the Baltic countries. The final shipment reached the destination today!
In Estonia, recipients of the donation are national Covid-19 treatment hospital North Estonia Medical Centre and Kuressaare Hospital in Saaremaa. Saaremaa is an island in Estonia most severely hit by the Covid-19 crisis where self-protection measures have been lacking. In Latvia, donations addressed 70 municipalities and their social workers, municipal police and elderly homes. In Lithuania, the personal protection measures were supplied to numerous Vilnius healthcare institutions.
BInF portfolio companies and other infrastructure companies in the Baltics acted as market makers to Labochema and helped to mobilise EUR 338,000 worth of supplies by donating EUR 153,000.
“We saw access to quality personal protection equipment not as a funding problem, but rather a supply chain challenge that was successfully solved by our portfolio company Labochema,” Sarunas Stepukonis, partner at BaltCap Infrastructure Fund explained their engagement.
Labochema is the leading provider of laboratory supplies in the Baltics. The company offers chemical reagents, consumables, laboratory equipment, laboratory furniture and provides laboratory installation and maintenance services.
See more: https://www.labochema.com/