Latvijas Finieris receives €39 million loan from EIB

The European Investment Bank (EIB) has provided €39 million in financing to Latvijas Finieris Group for investments in research and development and to modernise and expand the integrated birch plywood production facility at Lignums and at Verems. The agreement comes under the Investment Plan for Europe supporting sustainable investment, innovation and job creation in Europe. “Until now, our investments have been financed from the company's funds through close and fruitful collaboration with commercial banks. Borrowing from an institutional lender such as the EIB is a new experience for us,” tells Pauls Ābele, Deputy Chief Executive Officer of Latvijas ...