International Internet Magazine. Baltic States news & analytics
Wednesday, 26.10.2016, 10:30
The global timber price index GSPI was up 4.2% in the 2Q/16 after having fallen to the lowest level since 2009 in early 2016, according to the Wood Resource Quarterly (WRQ), WRQ representative Hakan Ekstrom informs BC.
Keyword tags: Analytics, Baltic Export, EU – Baltic States, Foreign trade , Market Review, Markets and Companies, Woodwork
Latvian wooden furniture export increased 3.5% in January-July this year as compared to the first seven months of 2015, with the total value of export amounting to EUR 78.69 mln, which constituted 6.5% of total export of forestry industry exports in the first seven months, according to data from the Agriculture Ministry's Forest Department.
The gluelam board maker Textuur based in the South Estonian town of Karksi-Nuia is installing more than seven million euros' worth of new equipment purchased from the Swedish manufacturer Soderhamn Eriksson which it expects to put into service early next year, informs LETA/BNS.
Graanul Invest AS is not in an active investment phase now and is focusing primarily on developing its investment in Belgium, Raul Kirjanen, one of the owners of Graanul Invest, said at the Ariplaan 2017 (Business Plan 2017) conference of Aripaev, writes LETA.
The IKEA subsidiary IRI Investments OU has acquired 300 more hectares of land in Estonia since mid-August, of which 66 hectares is forest land, informs LETA/BNS.
Sweden's furniture giant Ikea has purchased about 38,000 hectares of forest in Lithuania, Latvia and Estonia for about 65 mln euros, reports LETA/BNS according to Verslo Zinios daily.
The state-owned Latvijas Valsts Mezi (LVM) company responsible for management of state-owned forests closed the first quarter of 2016 with a turnover of EUR 61.8 mln compared to EUR 61.3 mln in the first quarter of 2015 but the company’s profit decreased slightly to EUR 17.6 mln from EUR 18.9 mln in the first quarter of 2015, write LETA.