On 30 March 2017, Valmieras stikla kiedra JSC signed a loan agreement with AS SEB Banka and AS Danske Bank Latvian Branch on financing in the amount of EUR 50.4 million for the expansion of the US plant, for which it is planned to construct a glass fibre production (furnace) and glass fibre processing plant in the US. The expansion will make it possible to increase the total production capacity of Valmiera Glass Group and its competitiveness in international markets, to achieve even better production stability and to react better to the growing market demand for glass fibre products.