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Thursday, 25.04.2024, 13:31
Latvijas finieris to build new plant in Kurzeme
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Neither the projected investment amount, nor the location of the new facility have been disclosed yet.
"The designs for the facility in Kurzeme will be developed by the company UPB projekti, whose experience in architecture spans several decades," added Medne.
She also said that the new veneer facility in Kurzeme would be one of the projects included in the regional development investment plan of Latvijas finieris. Construction of the new facility is to begin in the spring of 2015.
As reported, Latvijas finieris posted EUR 102 million in turnover in the first six months of 2014, whereas the value of the company's exports was EUR 79 million, which is, respectively, 4% and 2% more than in the same period of 2013.
Latvijas finieris turnover in 2013 was EUR 187.378 million, as compared to EUR 179.290 million in 2012. The company's profit increased from EUR 9.721 million in 2012 to EUR 11.107 million last year. The company employs 2,300 people.
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