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The birch plywood plant with an aggregate floor area of almost 18,000 square meters will introduce products of the Riga brand here.

"After two stages of investment worth altogether 80 million euros, we have a state-of-the-art birch plywood factory that is ready to process 160,000 cubic meters of wood per year," Latvijas Finieris said.

The plant will employ a workforce of 200.

Andres Lahe, board member of Kohila Vineer, said in June that the plant will employ 230 people and the extension is expected to quadruple its annual revenue to 40 mln euros.

Lahe said the company expects to start manufacturing veneer at full capacity at the beginning of 2017. To satisfy increased demand for energy arising from the manufacture of veneer, a new wood leftover fueled boiler will be installed in the plant's territory.

Latvijas Finieris group had a turnover of 196.5 mln euros in 2015 and it invested 42.3 mln euros in product development in that year. The group employs 2,500 people.

Latvijas Finieris has plants also in Latvia, Lithuania and Finland.