International Internet Magazine. Baltic States news & analytics
Thursday, 11.02.2016, 06:26
Trade of logs in Baltic Sea region fell 10% in 2015 because of substantially lower demand for softwood pulplogs in Finland and Sweden, reports BC the Wood Resource Quarterly.
Keyword tags: Baltic States – CIS, EU – Baltic States, Markets and Companies, Woodwork
The Competition Council in Latvia has fined seven logging companies for operating a cartel in procurements organized by the state forestry company Latvijas valsts mezi, LETA learned from the Competition Council.
IKEA Industry Latvia Ltd, a company producing sawn pine timber, cut its loss 31% and raised turnover 11% in the last financial year from September 1, 2014, to August 31, 2015, informs LETA, according to the information from Firmas.lv.
During the first 11 months of 2015, Latvia exported EUR 1.883 billion worth of forestry industry products, which was a 3.1% rise from the same period in 2014, reported LETA, referring to the Latvian Agriculture Ministry.
On the 1st of January 2016, long time Managing Director of Vika Wood, Andris Krecers has retired and Haralds Kronbergs taken over the duties of Managing Director. Haralds Kronbergs has worked as Production Manager at Vika Wood since 1996, informs BC from company.
The revenue of the Estonian forestry group Lignator in the business year ended in June 2015 dropped by 1% to 15.4 million euros while its profit shrank to 544,000 euros from the year-earlier 5.2 million euros, reports LETA/BNS.
After a break of several years, North Korea re-emerged as a trading partner for Estonia in September and October 2015, with Estonian companies exporting sawlogs to that county in both months, informs LETA/BNS.