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Sunday, 26.04.2015, 18:40
In the first quarter of 2015, furniture manufacturer AB Vilniaus Baldai posted revenue of EUR 16.5 million, while net profit amounted to EUR 818,000, informs LETA/ELTA.
Keyword tags: Good for Business, Lithuania, Markets and Companies, Woodwork
The Rezekne Special Economic Zone wood processing company Verems increased its turnover by 3% and profit by 6% in 2014, reports LETA, according to Firmas.lv information.
For the first time ever, the profit of Troja, a subsidiary of the Latvian plywood maker Latvijas Finieris, exceeded one million euros last year, reaching EUR 1.626 million, which is 8% more than in 2013, when the company earned EUR 951,986, reports LETA, according to information provided by Firmas.lv.
The Vika Wood Ltd. sawmill in Talsi Region in Latvia, owned by and Icelandic company, operated with EUR 59.13 million in turnover in 2014, which was 5.7% more when compared to the previous year, when the company posted EUR 55.98 million in turnover, according to information from Firmas.lv, cites LETA.
According to the latest data of the Central Statistical Bureau (CSB) on average round timber prices, compared to the 1st half of 2014 prices of category A birch veneer logs in the 2nd half of 2014 increased by 13% or 11.7 euros/m3 without VAT.
Latvian company Latvijas Finieris-owned Kohila Vineer OÜ has ordered nearly 31 mln euros worth of equipment from the Finnish timber industry equipment producer Raute OY, in order to expand the Estonian plywood factory, LETA/Postimees Online reports.
Grigiskes AB successfully completed one more investment project – erection of new paper production machine, the company said LETA/ELTA.