VMG Lignum Construction has begun operations with plans to produce Euro 150 million of products a year for Scandinavia, North America, Australia, and major European markets.
The Euro 100 million facility for structural engineering timber materials is located in the Akmenė Free Economic Zone, Lithuania. VMG Group, one of the largest wood processing and furniture manufacturing groups in Central and Eastern Europe, opened the site together with Hanner, the leader in real estate development in Lithuania, and the Baltic Industrial Fund II, which is managed by BRAITIN.
The VMG Lignum Construction factory has the annual capacity to produce 120,000 cubic meters of laminated veneer lumber (LVL), 15 million meters of I-joists and 200,000 cubic meters of structural particle boards.
"This product range is unique in global terms as a combination of engineered timber materials for construction that utilizes wood biomass with maximum efficiency. It should ensure top standards of sustainability and enable faster growth of the green ConTech industry," says Sigitas Paulauskas, VMG Group's sole shareholder and investor.
He says the factory will supply local and global markets with engineered timber products and building solutions. It will thereby enable faster development of sustainable and climate-friendly work on both new construction and panelised serial renovation projects.
In a later phase of development, that range on offer will be enlarged to include other sustainable building structures, such as prefabricated wall and ceiling panels, glued LVL columns, and wall chipboard with decorative sheeting.
