International Internet Magazine. Baltic States news & analytics
Thursday, 30.10.2014, 19:29
During the first eight months of 2014, Latvian forest industry's export increased by 11.3%, reaching EUR 1.359 billion, compared to EUR 1.221 billion in the same period in 2013, according to data provided by the Forest Department of the Ministry of Agriculture.
Keyword tags: Baltic Export, Good for Business, Latvia, Markets and Companies, Woodwork
The Estonian state-owned State Forest Management Centre (Riigimetsa Majandamise Keskus – RMK) earned 24.2 mln euros of profit on 115.8 mln euros of turnover in the first nine months of this year, LETA/Public Broadcasting reports.
Turnover of the furniture manufacturer Vilniaus baldai AB during period 2014 July – September amounted to LTL 57.26 million (EUR 16.584 million), during the same period year 2013 it was LTL 53.375 million (EUR 15.458 million), informs LETA/ELTA.
According to pre-audited data during the eight months of 2014, the Group consisting of Grigiskes AB, Baltwood UAB, Klaipedos Kartonas AB, Mena Pak PAT, and Klaipeda Recycling UAB achieved the consolidate sales turnover of LTL 232.3 million (EUR 67.3 million). It is LTL 17.5 million (EUR 5.1 million) or 8.1% more than during the eight months in 2013, the group reported LETA/ELTA.
According to the latest data of the Central Statistical Bureau (CSB), the average purchase prices of round timber in the 1st half of 2014 as compared to the 2nd half of 2013 continued to increase.
The largest forest management company in Latvia Latvian State Forests (Latvijas valsts mezi, LVM) turned over EUR 147.7 million in the first six months of 2014, which is EUR 15.2 million more than in the respective period of 2013, the company informed the business portal Nozare.lv, cites LETA.
Latvian wood products wholesaler Pata AB turnover in 2013 was EUR 124.29 million, which is 33% more than in 2012, when the turnover was EUR 93.88 million, as the information provided by Firmas.lv indicates, cites LETA/Nozare.lv.