History
The company Binders was established in 1993 - during the period, which is famous in the history of the Latvian economy as the beginning of the comprehensive privatisation of companies. Also, the Saulkrasti 2nd Road Construction District at that time (2. RCD) was at the front of the changes. There were several applicants for privatisation of the company or the Vangazi asphalt-concrete production site, being in its composition, and different projects were developed, but the most successful one was a solution, for the implementation of which the construction company SIA Arčers, which was quite experienced at that time, was attracted. Quite a brave step was made at that time - the privatised material and technical as well as specialist resources of 2.RCD were used as a basis for the foundation of a new road construction company.
On 25 November 1993, SIA Binders – the company with a hundred percent of local capital – was registered, who has been able to maintain belonging to the category until now.
In the early 1990s many road construction companies broke down, but they were difficult times, not only for the road construction industry. There were many uncertainties and contradictions in the national economic processes, and the survival of the newly established companies was a huge challenge. Inhabitants of Saulkrasti were able to work at Riga Trade Port and forest logging – road constructors sawed logs and produced firewood for three years.
Little by little, the company also received other orders – asphalted fuel station fields, access roads and private yards and also had some orders for works on public roads. Gradually, step by step, Binders has reached its market share in Latvia and is currently one of the biggest and most experienced infrastructure site construction companies.
The company’s highest turnover to date was achieved in 2025 – EUR 147.2 million.
Total turnover over 30 years – approximately EUR 800 million.
Total taxes paid over 30 years – approximately EUR 70 million.
Financial support provided over 30 years in the form of donations alone (excluding other forms of support) for social, cultural, arts, educational, and sports projects and events in Latvia – approximately EUR 3 million.
Key facts about the company:
Logo development
The symbol or sign of the logo of Binders consists of the letter B in a carmine red circle. The symbol is dynamic, and it creates associations with busy traffic as multilevel elevated roads can be spotted there. The sign, similarly to a well constructed road, includes two smooth, symmetric, and precise bends that create associations with quality in the road construction industry.
The logo is technically precise so that it would perfectly correspond to values expected from a professional and accurate road construction enterprise. The grade of 15 degrees in the letter B symbolizes dynamic aspiration after future and development.
The company’s first logo (1993–2013), with which the Binders team introduced itself and operated for 20 years. Under this symbol, the company accumulated knowledge and experience, developed, and became widely recognized.
In 2013, Binders marked its 20th anniversary during the road construction season. To emphasize this important milestone throughout the anniversary season, a specially designed anniversary logo was created together with the slogan – “Unyielding on the Roads!”
To mark the transition from the old to the new, the company began the 2014 construction season with a modern and dynamic visual identity.