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Friday, 08.12.2023, 11:09
The LLC (SIA) BONO enters the sawn timber market and plans to attract investments in the amount of 100 million euro to reach 1 billion turnover within 3 years.
Keyword tags: Good for Business, Investments, Latvia, Markets and Companies, Woodwork
The Assessment of the LVM Round Timber Assortment Sales Process Confirms Its Economic Justification and Compliance with Legal Acts21.12.2020
The Supervisory Board of JSC “Latvia’s State Forests” (LVM) has concluded a comprehensive evaluation of the round timber assortment sales process. Based on compliance, financial, economic and legal examination performed by independent experts, the Supervisory Board concludes that the process of selling round timber assortments organized by LVM complies with the requirements of legislation and internal regulations, as well as has been economically justified, providing the company with an additional profit of 14.5 million euros during the period between 2016 and 2020.
AS Telver, a subsidiary of AS Giga, wishes to acquire 100% of the shares in the Estonian wood industry company AS Textuur, reports LETA/BNS.
Thermory, one of the world’s largest producers of thermally modified wood, is building a new thermal complex at its Loo factory to meet growing demand by expanding its production capacities.
In the first nine months of 2020, Latvia exported EUR 1.87billion worth of forestry products, which is 7.3% less than in the same period a year ago, writes LETA, according to information released by the Agriculture Ministry.
Taking the opportunity to learn about forest in nature, 5 841 students and teachers from 279 class groups went on study hikes or expeditions in Latvia’s state forests specially prepared by JSC “Latvia's State Forests” (LVM) in September. For the fifth year in a row, expeditions for 6th grades took place in eight regions near the largest cities of Latvia. Students were welcomed in nature and there were 111 experienced LVM employees who perform planning, logging, tending and other works on a daily basis to introduce the students to the tasks and challenges in forest.
The most popular brands according to the public rating both in the Baltics and Latvia were honoured at the Latvian Brand Top awards ceremony. This year, JSC “Latvia's State Forests” (LVM) received the highest score in three categories: the greenest brand, the most humane brand and the employer's brand.