International Internet Magazine. Baltic States news & analytics
Saturday, 02.07.2016, 05:01
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).
Keyword tags: Analytics, Financial Services, Latvia, Markets and Companies, Woodwork
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.
The volume of logging in Estonian forests declined by 560,000 cubic meters year over year to 12.6 million cubic meters in 2015, figures retrieved from felling documents and provided by Statistics Estonia show, cites LETA/BNS.
Finnlog, an Estonian designer and manufacturer of wooden houses, has signed a cooperation and dealer's agreement with the Chinese company BL Timber Investment Co, reports LETA/BNS.
Manufacture of plywood at the Estonian plant of Kohila Vineer OU in the central small town Kohila will start in the fall 2016 and the company expects to have the plant running at full capacity at the beginning of 2017, Andres Laht, board member of Kohila Vineer, said LETA/BNS.
Of the 250 million euros that the Estonian wood pellet and energy producing company Graanul Invest AS has invested in recent years only 76 million euros was invested in Estonia, as the company prefers to invest in facilities in Latvia because of the better economic environment there, executive Jaano Haidla said, cites LETA/BNS.