Good for Business, Latvia, Markets and Companies, Woodwork

The company's turnover last year was EUR 14.47 million, in comparison with 13.71 million in 2012.

The company's profit was EUR 309,501, in comparison with EUR 278,845 a year ago.

The company's managerial report shows that in 2013, the re-organization of manufacturing processes continued, new production methods were introduced, and the realization opportunities grew in England, France and Sweden, new markets are sought out as well.

As reported, 100% of Stali capital, in the amount of EUR 5.44 million, last year was purchased from its previous owners – U.S. company Forrest Distribution – by the Estonian company Metsamaterjali Agentuur.

Stali was founded in 1992. The company employs 348 workers and manufactures furniture panels, wooden windows and doors, and briquettes. Semi-finished furniture products are exported to the European Union member states and the United States. Briquettes are sold in Denmark, Norway and Sweden.