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Tuesday, 03.05.2016, 11:43
Estonian manufacturers of wooden houses exported their output to 52 countries in 2015 and exports amounted to 278 million euros, 28.2% more than in 2014, reports LETA/BNS.
Keyword tags: Baltic Export, Estonia, Good for Business, Markets and Companies, Real Estate, Woodwork
German timber group Rettenmeier has acquired a sawmill in the central Latvian municipality of Incukalns owned by Ikea Industry Latvia, Rolands Rimicans, a board member of Rettenmeier Baltic Timber, told LETA.
In the first months of the year 2016, the value of Latvia’s wooden furniture export dropped by 8.4% against a year before to EUR 9.975 million, making up 6.3% of total forestry industry exports, informs LETA, according to the data provided by the Forest Department of the Latvian Agriculture Ministry.
Estonian enterprises exported 15.8 million euros' worth of wood pellets in January 2016, which is 87.2% more than during the same month a year earlier, while overall exports of wood products declined by 2.1%, data of Statistics Estonia show, cites LETA/BNS.
Verems, a plywood-producing subsidiary of Latvia's largest wood-processing company Latvijas Finieris (Latvian Veneer), operating in Rezekne Special Economic Zone, plans to reduce its share capital by EUR 3.002 million, reports LETA, according to an announcement published in the Latvijas Vestnesis official gazette.
Silutes Baldai (Silute Furniture), a Lithuanian furniture manufacturer that supplies more than 90% of its output to Ikea’s stores in 20 countries worldwide, last year increased its sales revenue by 5% on the back of success of new products and a rise in output and exports and targets an 11-% revenue growth in 2016, the Verslo Zinios business daily reports on March 14h, cites LETA/BNS.
Sales of the listed Estonian furniture maker Skano Group in 2015 fell by 8% to 18.8 million euros, informs LETA/BNS.