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Wednesday, 31.08.2016, 17:15
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.
Keyword tags: Latvia, Markets and Companies, Woodwork
The sales revenue of the Estonian state forest management company RMK in the first half of 2016 totaled 81 mln euros and profit 6.3 mln euros, compared with respectively 75.3 mln euros and 4.5 mln euros in the first six months of last year, reports LETA/BNS.
The one of the major log supplying countries in German in 2015 - early 2016 have been Estonia – Wood Resource Quaterly05.08.2016
Prices for domestic and imported sawlogs in Austria and Germany have falling during 2015 and 2016 to levels not seen in ten year, reports the Wood Resource Quarterly.
The consolidated sales revenue of the Estonian wood pellet producer Graanul Invest AS grew by 76% y-o-y to 243 mln euros in 2015, informs LETA/BNS.
In 2012, the average forest regeneration costs, depending on the forest land quality group1, varied between 620 and 687 euros per hectare, according to the data of the Central Statistical Bureau (CSB).
In the first four months of the year 2016, the value of Latvia’s wooden furniture export dropped by 6.3% against a year before to EUR 45.53 million, making up 6.3% of total forestry industry exports, informs LETA, according to the data provided by the Forest Department of the Latvian Agriculture Ministry.
Lack of raw timber in Lithuania has forced local processors to look for it abroad, and the increase in the imports of processed timber to Europe from Russia is affecting sawmill business in Lithuania, reported LETA/BNS, referring to Verslo Zinios.