Woodwork

International Internet Magazine. Baltic States news & analytics Friday, 22.01.2021, 01:43

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The Assessment of the LVM Round Timber Assortment Sales Process Confirms Its Economic Justification and Compliance with Legal Acts

The Assessment of the LVM Round Timber Assortment Sales Process Confirms Its Economic Justification and Compliance with Legal Acts

21.12.2020

The Supervisory Board of JSC “Latvia’s State Forests” (LVM) has concluded a comprehensive evaluation of the round timber assortment sales process. Based on compliance, financial, economic and legal examination performed by independent experts, the Supervisory Board concludes that the process of selling round timber assortments organized by LVM complies with the requirements of legislation and internal regulations, as well as has been economically justified, providing the company with an additional profit of 14.5 million euros during the period between 2016 and 2020.

Keyword tags: Analytics, Latvia, Legislation, Markets and Companies, Woodwork



Giga buying wood processing company Textuur in Estonia

Giga buying wood processing company Textuur in Estonia

07.12.2020

AS Telver, a subsidiary of AS Giga, wishes to acquire 100% of the shares in the Estonian wood industry company AS Textuur, reports LETA/BNS.

Thermory is investing heavily to meet growing demand

Thermory is investing heavily to meet growing demand

23.11.2020

Thermory, one of the world’s largest producers of thermally modified wood, is building a new thermal complex at its Loo factory to meet growing demand by expanding its production capacities.


Latvian exports of forestry products down 7.3% in 9 months, imports down 3.2%

Latvian exports of forestry products down 7.3% in 9 months, imports down 3.2%

17.11.2020

In the first nine months of 2020, Latvia exported EUR 1.87billion worth of forestry products, which is 7.3% less than in the same period a year ago, writes LETA, according to information released by the Agriculture Ministry.

Almost 6 000 students and teachers have taken part in LVM forest expeditions this autumn

Almost 6 000 students and teachers have taken part in LVM forest expeditions this autumn

28.10.2020

Taking the opportunity to learn about forest in nature, 5 841 students and teachers from 279 class groups went on study hikes or expeditions in Latvia’s state forests specially prepared by JSC “Latvia's State Forests” (LVM) in September. For the fifth year in a row, expeditions for 6th grades took place in eight regions near the largest cities of Latvia. Students were welcomed in nature and there were 111 experienced LVM employees who perform planning, logging, tending and other works on a daily basis to introduce the students to the tasks and challenges in forest.


26.10.2020

Latvian brand top: LVM receives three awards

The most popular brands according to the public rating both in the Baltics and Latvia were honoured at the Latvian Brand Top awards ceremony. This year, JSC “Latvia's State Forests” (LVM) received the highest score in three categories: the greenest brand, the most humane brand and the employer's brand.

23.10.2020

European lumber exporters have expanded their sales overseas from 30% to 45% over the past 10 years

European lumber exporters have expanded their sales overseas from 30% to 45% over the past ten years, with Asia receiving a fifth of total exports in 2020, reports the Wood Resource Quarterly.

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