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Article: Latvijas Finieris investing to meet rising demand.(NEWS)
- Article from:
- Wood Based Panels International
- Article date:
- October 1, 2004
CopyrightCOPYRIGHT 2004 Polygon Media Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Latvian plywood producer A/S Latvijas Finieris is to invest US$85m over the next three years in new equipment and facilities. The investment is said to be in response to strong figures.
Over the past three years the company has seen its sales expand by 40%, mainly in the area of added-value products which meet the specific needs of industrial end-users.
This growth has utilised most of the current manufacturing capacity and Latvijas Finieris decided that, with future ...