Latvijas Finieris to invest EUR 67 million in increasing production capacity of plywood maker Verems
| Published date | 19 July 2022 |
| Publication title | LETA |
RIGA, July 19 (LETA) - Joint-stock plywood producer Latvijas Finieris is planning to invest more than EUR 67 million in increasing production capacity of its subsidiary Verems operating in Rezekne Special Economic Zone, as Latvijas Finieris public relations manager Pauls Bekeris told LETA.
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 EUR 67 million and is considered to be the largest investment of private capital in the Latgale region in recent years," said Bekeris.
The project will be implemented by the end of 2024.
To increase the production capacity of Verems to...
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