Companies in the timber industry / Daily News / Global Trends / Forestry / Lumber / Sawmilling / Wood Products / Woodworking machinery / Europe / Global
June 29, 2018
Bergs Timber’s Vika Wood to expand production capacity at sawmill in Latvia
The Latvian wood-processing company Vika Wood has been recently granted a long-term loan of EUR 7.5 million by SEB Banka. Vika Wood will use the loan and own funds to purchase an automated sawn timber sorting line. The investment in the new laser-based equipment will significantly improve efficiency of the sorting process, as reported by LETA Latvian News Agency. With the help of the loan, Vika Wood will also build a new production building to house the automated sorting line which is to be put into operation by ...
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