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Companies in the timber industry / Daily News / Global Trends / Forestry / Wood Products / Wood-based panels / Europe / Global
July 10, 2018

Latvijas Finieris to invest EUR 200 million in boosting birch processing and birch plywood production capacity

Latvijas Finieris to invest EUR 200 million in boosting birch processing and birch plywood production capacity
Latvijas Finieris Group reached a turnover of 229.1 million euros in 2017, which is 7% more than in 2016. With stable demand continuing in 2017, Latvijas Finieris exported a total of 185 million euros of products, mostly to cooperation partners on the European continent (83%) and the Asia region.    In 2017, Latvijas Finieris Group invested 21 million euros into the development of products and production processes as well as increasing work productivity and quality, while this year a 200 million euro investment programme for 2018 - 2023 is being finalized. Within its framework, three important projects ...

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