The consolidated turnover of Latvijas Finieris Group in 2017 reached Euro 229 million, which is 7% more than in 2016. With a steady demand, Latvijas Finieris exported a total of Euro 185 million worth of products in 2017, mainly to partners in the European continent (83%) and Asia, as the company said in the press release received by Lesprom Network.
The total amount of taxes paid by Latvijas Finieris Group in Latvia last year was Euro 18.7 million. Consequently, over the last ten years, the total amount of taxes paid to the Latvian budget has reached Euro 130 million.
In addition, as of 2011, Latvijas Finieris Group has been charged a total of Euro 12.4 million as the Compulsory Energy Component to support renewable energy and security of the power supply in Latvia. Taking into account the changes in the calculation of this component, this year the planned amount is Euro 1.6 million (at the same level of economic activity in Latvia).
Latvijas Finieris is one of the largest birch plywood producing companies in the world with production in all Baltic countries and in Finland.