Stiga RM to invest Euro 18.2 million in new plant in Ogre, Latvia

With the financing of Euro 18.2 million granted by the Latvian branch of OP Corporate Bank plc, SIA Stiga RM will equip its birch plywood production facility in Ogre, Latvia. The financing will be directed to the first stage of equipping the factory. The construction and equipment of the new factory, where the total costs will reach Euro 86 million, is planned to be implemented in two stages by the end of 2028. The new, technologically advanced woodworking factory will be located on the site of the former sawmill Norupe, and its new equipment will allow the company ...