Latvian plywood giant “Latvijas Finieris” aims for €500 million revenue with expanding investments

Latvia’s leading plywood manufacturer, Latvijas Finieris, is charting an ambitious course toward €500 million in annual revenue over the next seven years. The company, which has nearly doubled its turnover in recent years, is heavily investing in production expansion and the development of innovative products that push its operations beyond the traditional timber industry. Steady despite market volatility Since 2020, Latvijas Finieris has grown its turnover by 84%, despite rising raw material costs and the broader slowdown of the European economy. The company credits its diversified customer base and strategic regional focus for maintaining stability. According to ...