Kronospan to acquire major cargo terminal at Port of Riga

In early July, SIA Kronospan Riga, a subsidiary of the Kronospan Group, acquired KS Terminal, the fourth-largest cargo terminal in the Port of Riga. This acquisition establishes SIA Kronospan Riga as the sole shareholder of KS Terminal, enhancing its operations in Northern Europe and creating strategic growth opportunities for the Latvian terminal. By late July, Kronospan Group's general cargo vessel, Spanaco Adventure, arrived at KS Terminal to transport wood-based panels, produced at Kronospan Riga, to the United States. The vessel, measuring 199 meters in length and 30 meters in width, carried 40,000 m³ of ...