Baltic Export, Latvia, Markets and Companies, Woodwork

International Internet Magazine. Baltic States news & analytics Thursday, 20.06.2013, 10:07

Vika Wood sawmills achieved LVL 41.3 mln in turnover in 2011

Nina Kolyako, BC, Riga, 19.06.2012.Print version
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In 2011, Latvian sawmills Vika Wood Ltd. achieved LVL 41.3 million in turnover, according to information at Firmas.lv.

This is a 5.6% reduction when compared to 2010, when the company achieved LVL 43.74 million in turnover.

 

Vika Wood operated with LVL 4.63 million in profit in 2011, which was 36.2% less when compared to 2010, when the company achieved LVL 7.26 million in profit.

 

Vika Wood is one of Latvia’s leading, and largest, sawmills with a total annual production of about 280,000 m3 of sawn timber.

 

Vika Wood is located in Latvia's Kurzeme Province near Talsi (western Latvia). The sawmill’s products are sold worldwide, for example, in the Far East, Middle East, Northern Africa and Europe.

 

The company was established in 1995 and currently employs approximately 200 people.

 

According to Firmas.lv, the company's shares are owned by Iceland's Norvik hf.




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