Latvia, Legislation, Markets and Companies, Woodwork
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Sunday, 20.01.2019, 18:02
Rigas Mezi forest manager expects sales to reach EUR 17-18 mln in 2017
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He noted that the company’s turnover has grown fourfold in dive years to
EUR 14.95 million last year, and might reach EUR 17-18 million this year.
He said that positive results were ensured by the company’s strategy to
make best use of the Riga municipal forest resources and produce products with
higher added value.
The sawmill Norupe, established in 2013, has reached or even exceeded its
maximum capacity.
In 2016 Rigas Mezi generated EUR
14.95 million in sales and earned EUR 227,704 in profit, according to Firmas.lv
business database.
The company was registered in 2008 and has a share capital of EUR
115,156,021.
Rigas Mezi manages 62,000 hectares of forests and is the second largest forest
manager in the country after Latvijas Valsts Mezi state forest manager. The
company owns tree nurseries, Norupe sawmill and also manages Mezaparks and
other Riga parks and gardens.
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