Latvijas Finieris expects profit of LVL 7 million in 2006
6. Latvijas Finieris, Latvia, expects profit of LVL 7 million ($12.2 million) in 2006 and money turnover of LVL 112 million ($195.5 million), company's council representative Jolanta Medne said.
Jan 12, 2006. /Lesprom Network/. Latvijas Finieris, Latvia, expects profit of LVL 7 million ($12.2 million) in 2006 and money turnover of LVL 112 million ($195.5 million), company's council representative Jolanta Medne said.
Company intends to produce 230 000 cubic meters of glued products.
This year the company plans to invest LVL 15 million ($26.2 million) in production expansion. These means will be directed in competitiveness enhancement at global market, labour capacity growth and state-of-the-art technologies implantation.
In 2005 Latvijas Finieris declared profit of LVL 6.4 million ($11.2 million).