Woodwork

International Internet Magazine. Baltic States news & analytics Tuesday, 26.09.2017, 03:28

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Grigeo paper maker to sell part of business to Germany's Homanit Holding

Grigeo paper maker to sell part of business to Germany's Homanit Holding

22.09.2017

Lithuania's hardboard, cardboard and hygiene paper production group Grigeo intends to sell part of its business to Germany's Homanit Holding, a hardboard production company, informs LETA/BNS.

Keyword tags: Estonia, EU – Baltic States, Legislation, Markets and Companies, Mergers and take-overs, Woodwork



VMG from Lithuania decides against investment in Russia

VMG from Lithuania decides against investment in Russia

11.09.2017

Vakaru Medienos Grupe (VMG), one of Lithuania's largest wood processing and furniture production groups, has opted out of the risky investment in Russia, however, is looking for acquisitions in countries with lower timber prices than in Lithuania, Verslo Zinios business daily said on September 11th, cites LETA/BNS.

Latvian imports of forestry products grew by 10.7% in H1

Latvian imports of forestry products grew by 10.7% in H1

30.08.2017

In the first half of 2017 Latvia imported EUR 395.769 million worth of forestry products, which was a rise by 10.7% from January-June 2016, the Agriculture Ministry said LETA.


Lemeks to build EUR 30 mln plywood plant in Estonia’s Jogeva County

Lemeks to build EUR 30 mln plywood plant in Estonia’s Jogeva County

29.08.2017

The Estonian forest and wood processing company AS Lemeks is to build a birch veneer and plywood factory for 30 million euros in Viruvere, Jogeva County which will employ 120 to 150 people, reports LETA/BNS.

Stora Enso Latvija turnover decreases by 2.2% in 2016

Stora Enso Latvija turnover decreases by 2.2% in 2016

22.08.2017

Timber manufacturer Stora Enso Latvija turned over EUR 51.846 million last year, a 2.2% decrease from 2016, while the company's profit rose 9.9% amounting to EUR 3.593 million, informs LETA, according to Firmas.lv.


21.08.2017

Members of Latvian furniture producers' association raise turnover by 2.7% in H1

During the first half of 2017, the companies united in Latvijas Mebeles (Latvian Furniture) furniture producers' association raised their aggregate turnover by 2.7% year-on-year to EUR 26.8 million, while their exports increased by 1.5% to EUR 17.71 million, the association’s executive director Ieva Erle told LETA.

15.08.2017

Latvian wood-processing companies raise turnover by 7-8% in H1

The Latvian wood-processing companies united in the industry association Latvijas Koks (Latvian Timber) raised their aggregate turnover by 7-8% year-on-year in the first half of 2017, the association’s executive director Arturs Bukonts told LETA.

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