Woodwork

International Internet Magazine. Baltic States news & analytics Friday, 20.09.2019, 19:41

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Lithuania's Theca Furniture to pay out EUR 2 mln in dividends to Danish owners

Lithuania's Theca Furniture to pay out EUR 2 mln in dividends to Danish owners

12.09.2019

The Danish-owned Kaunas-based Lithuanian furniture producer Theca Furniture posted 58.1 mln euros in revenue last year, up 12.4% from 51.6 mln euros a year ago, reported LETA/BNS.

Keyword tags: EU – Baltic States, Lithuania, Markets and Companies, Woodwork



Estonian-Latvian cooperation conference in Tartu to focus on opportunities in wood sector

Estonian-Latvian cooperation conference in Tartu to focus on opportunities in wood sector

12.09.2019

A business conference called Estlat Forum 2019 is to take place in Tartu on Thursday, Estlat is the biggest conference in the field of Estonian-Latvian economic cooperation, the key topic of which is the opportunities and challenges posed by the wood sector, wirtes LETA/BNS.

Ziemelis' Fitsout to build 2nd furniture production facility in Lithuania

Ziemelis' Fitsout to build 2nd furniture production facility in Lithuania

05.09.2019

Furniture production and interior design company Fitsout, owned by Avia Solutions Group's owner Gediminas Ziemelis and two other persons, plans to build a second furniture production facility in Lithuania, according to the Verslo Zinios business daily writes LETA/BNS.


In 2018, rise in forest regeneration and tending costs observed in Latvia

In 2018, rise in forest regeneration and tending costs observed in Latvia

02.07.2019

Data compiled by the Central Statistical Bureau of Latvia (CSB) show that in 2018, the average forest regeneration costs in Latvia comprised 509–669 EUR/ha, depending on the forest land quality group*. In 2017, these costs constituted 438–567 EUR/ha, while in 2016 those were 551–600 EUR/ha. Forest regeneration costs include expenditure on soil preparation, small sapling expenses and planting costs.

Lithuania: EBRD, Citadele lend EUR 38 mln to Vilniaus Baldai production facility

Lithuania: EBRD, Citadele lend EUR 38 mln to Vilniaus Baldai production facility

21.06.2019

The European Bank for Reconstruction and Development and Latvia's Citadele Bank have issued a 37.8 mln-euro loan to Vilniaus Baldai, one of the largest furniture producers in Lithuania, reported EBRD.


14.06.2019

Estonia: Logging volume grows to 15.6 mln cubic meters in 2018

The volume of logging in Estonian forests increased by 12.8% year over year to 15.6 mln cubic meters in 2018, figures retrieved from felling documents and made available by Statistics Estonia show.

10.06.2019

Latvia: Troja wood processing company raises turnover 12.3% in 2018

Troja, a subsidiary of the largest Latvian wood processing company Latvijas Finieris (Latvian Veneer), turned over EUR 26.073 mln in 2018, up 12.3 % against a year before, while the company’s profit contracted 46 % to EUR 524,657, according to information available at Firmas.lv writes LETA.

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