Investment

Supporting sustainable bioeconomy and mid-caps in Latvia: new EU budget-backed €39 million EIB loan for Latvijas Finieris

Investment, Latvijas Finieris Group / December 23, 2022

The financing will back Latvijas Finieris’s investments in the sustainable modernisation and expansion of production facilities to support its growth ambitions and strengthen its competitive market position. The loan agreement is part of the European Commission’s Investment Plan for Europe programme to help businesses gain access to the funds they need to innovate, grow and …

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The new Furniers mill warehouse building is opened

Furniers, Investment, Latvijas Finieris Group, Mills / December 8, 2022

On August 18, the doors of Latvijas Finieris new Furniers mill warehouse building – one of the rare industrial buildings of large-sized wooden constructions in Riga – were opened. “The forest is our main asset, natural resources have always been the ones that support our economy,” emphasized the Minister of Economy, Ilze Indriksone, at the …

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Latvijas Finieris is launching the most extensive investment project in Latgale in recent years

Investment, Latvijas Finieris Group, Mills, Verems / December 8, 2022

The management of Latvijas Finieris has decided to launch an expansion project of RSEZ SIA Verems, Latvijas Finieris Group, in Rezekne district. The mill’s existing birch plywood production capacity will be doubled, high added value products will be developed and approximately 70 workplaces will be created. The expected amount of investment exceeds 67 million euros …

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Automatic Patching Line – for intelligent and sustainable manufacturing

Investment, Latvijas Finieris Group, Mills, Plywood / December 8, 2022

Efficiency is among the top priorities of Latvijas Finieris Group. Automatic patching lines are used in production of Riga Wood birch plywood, decreasing manual human workforce input in daily production activities and replacing it with intelligent technologies. Automatization allows speeding up of the production process, therefore increasing work efficiency and saving resources. Birch wood has …

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