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Saturday, 28.05.2016, 23:38
Latvian wooden furniture export continued to decrease in the first quarter of 2016, when wooden furniture worth EUR 32.8 million was exported from Latvia – down from EUR 34.1 million exported in the first quarter of 2015, informs LETA.
Keyword tags: Baltic Export, EU – Baltic States, Latvia, Markets and Companies, Woodwork
Latvia’s forest industry exports continued moderate growth in the first quarter of this year, reaching EUR 537.527 million at the end of March, up 6.9% from the respective period in 2015, the Latvian Agriculture Ministry informed LETA.
Latvia's largest timber processing concern Latvijas Finieris last year generated EUR 196.5 million in sales, compared to EUR 194.1 million a year ago, the company's council chairman Uldis Bikis told LETA.
BillerudKorsnas Latvia, one of Latvia’s leading forest management companies, closed 2015 with EUR 46.36 million in turnover, which was a 25% reduction against a year before when the company showed EUR 61.88 million, informs LETA, according to information from Firmas.lv
Latvijas Finieris wood-processing group has reduced its share capital to EUR 46.473 million from EUR 47.111 million, informs LETA, according to the announcement in the official newspaper Latvijas Vestnesis.
Lithuania's hardboard and toilet paper production group Grigeo Grigiskes saw its first-quarter condolidated net profits slump down by 45.3% to 1.195 million euros, from 2.186 million euros a year ago, informs LETA/BNS.
Estonian manufacturers of wooden houses exported their output to 52 countries in 2015 and exports amounted to 278 million euros, 28.2% more than in 2014, reports LETA/BNS.