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Sunday, 29.03.2015, 23:48
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.
Keyword tags: Estonia, Good for Business, Investments, Latvia, Markets and Companies, Woodwork
Grigiskes AB successfully completed one more investment project – erection of new paper production machine, the company said LETA/ELTA.
In 2014, state-owned company Latvijas Valsts mezi (Latvian State Forests, LVM) turned over EUR 275.1 million and earned EUR 76.9 million, according to the company's unaudited annual report, cites LETA.
Broceni Pellets – a Latvian subsidiary of the Estonian company Graanul Invest – is preparing to build a new pellet factory in Broceni, according to a press release published by Graanul Invest, cites LETA.
During the twelve 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 343.7 million (EUR 99.5 million). It is LTL 14.9 million (EUR 4.3 million) or 4.5% more than during the twelve months in 2013, Grigiskes AB reported LETA/ELTA.
The value of Latvian wooden furniture exports in 2014 increased by 7.3% from 2013 to a total of EUR 119.98 million, which is 6% of the total forest industry exports last year, reports LETA, according to a report presented by the Agriculture Ministry's Department of Forests.
According to preliminary data, the Estonian State Forest Management Centre (Riigimetsa Majandamise Keskus – RMK) increased turnover by 5.6% and profit by 29.3% in 2014, LETA/Postimees Online reports.