Latvia, Markets and Companies, Woodwork

International Internet Magazine. Baltic States news & analytics Thursday, 28.03.2024, 13:04

Latvijas Valsts Mezi plans to log trees for EUR 88 mln

BC, Riga, 09.02.2017.Print version
atvijas Valsts Mezi (LVM) state-owned forest manager has completed a tender on forestry services for a period until 2021 for the total price of EUR 88,164,089, according to information published on the Internet website of the Procurement Supervision Bureau writes LETA.

The services will be provided by Strencu Mezrupniecibas Saimnieciba, Vecvagari, Indares, Lapegeles 2, ASP Pluss, Niedraji MR, PATA Saldus, Lapsis, NMR Energo, Optimus and Skaida PV.


It is planned that the tree logging will amount to 3,385,200-4,836,000 cubic meters a year.


As reported, LVM manages 1.63 mln hectares of state-owned forest land and every year puts on the market 5-7 mln cubic meters of timber. The Agriculture Ministry holds 100% of LVM shares on behalf of the Latvian state.


LVM posted EUR 261.55 mln in 2015 turnover, down 5% from 2015, while the company's profit declined 21% to EUR 59.30 mln.






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