"Latvijas Finieris" Lays a Cornerstone for the Second Phase in Estonia
Latvijas Finieris Group is expanding the operations of the factory Kohila Vineer near Tallinn in Estonia by developing full cycle production of plywood and related products.
The start of the second phase of Kohila Vineer development will be marked by laying a cornerstone on 12 August 2015, in the presence of project cooperation partners and local municipality leaders. H.E. Juris Bone, the Ambassador of the Republic Latvia to the Republic of Estonia, has confirmed his attendance.
The new factory of 17 700 square meters, including the office building, will feature the wooden load-bearing structural elements manufactured by Peetri Puit OÜ, being one of the few examples in the construction of industrial facilities in the Baltics. General contractor, another Estonian company Maru Ehitus OÜ, will be responsible for the design and construction works. Project development is carried out in cooperation with SEB Pank.
Jānis Ciems, CEO of Latvijas Finieris: „The second phase in the development of Kohila Vineer is part of Latvijas Finieris Group growth plan with an aim to offer customers a wider range of products and a more complete service. Significant preparatory work has been done already to implement this project within the set deadlines and quality, and together with our partners we will accomplish it.”
Creation of a strong future personnel team is one of the priorities today, therefore significant attention is being devoted to selection of new specialists. They will learn the required specific skills and obtain practical experience in Latvia, in order to quickly take over the work with equipment specially ordered and manufactured according to the latest technology standards and global best practice.
Equipment is being manufactured by the leading companies focused on birch plywood industry in Finland, Austria, Germany and Latvia. Preparatory work is on schedule and installation of some equipment is expected to start in September already.
The capacity of the expanded factory will reach 45 thousand cubic meters of birch plywood per year, 230 employees will work at the factory. Total investments since 2011 will reach 80 million EUR, including this project.The project is to be implemented by the end of 2016.
Additional information
Jolanta Medne, Supervisory Board Office Manager
Phone +371 67067243; fax +371 67067390 e-mail: jolanta.medne@finieris.lv; www.finieris.com
About Latvijas Finieris Group
In 2014, Latvijas Finieris Group reached a turnover of 194.1 million EUR, produced 248 thousand cubic metres of plywood, earned a profit of 11.7 million EUR and invested in development 29.5 million EUR. The Group employs 2500 people.
Focusing on its core business – development, manufacture and sales of birch plywood and providing related services, – Latvijas Finieris Group is also active in forest management, logging and production of synthetic resin and phenol films.
The global presence of Latvijas Finieris is assured with business partners in more than 60 countries to which over 95% of our plywood is exported (most important – Germany, United Kingdom, France, Italy, Netherlands and Turkey).
The mechanical characteristics of birch plywood have made it a well-known product in industries demanding mechanical resistance, stability and light weight, such as construction industry (interior and external walls, floors, scaffolding, platforms, shuttering) and transport industry (floors of trailers, vans, buses, lining of trailer walls and ceiling, shipbuilding).