Es­to­nia: Le­meks to build EUR 30 mln ply­wood plant in Jo­geva County

The Baltic Times - - BALTIC NEWS - BNS/TBT Staff

The Es­to­nian for­est and wood pro­cess­ing com­pany AS Le­meks is to build a birch ve­neer and ply­wood fac­tory for 30 mil­lion eu­ros in Viru­vere, Jo­geva County which will em­ploy 120 to 150 peo­ple.

In July 2017 the com­pany set up a sub­sidiary, Es­to­nian Ply­wood AS, which is to pro­duce birch ve­neer and ply­wood, for which the com­pany has pur­chased nearly 10 hectares of in­dus­trial land near the town of Jo­geva. The size of the in­vest­ment is around 30 mil­lion eu­ros. The com­pany's pro­duc­tion vol­ume would be 25,000 to 30,000 cu­bic me­ters of birch ply­wood, for which 65,000 to 85,000 cu­bic me­ters of birch logs are needed, Le­meks said.

Pro­duc­tion is to start in 2019. When the fac­tory achieves full ca­pac­ity, it will em­ploy 120 to 150 peo­ple. The com­pany is to be led by Ran­del Veer­its. Es­to­nian Ply­wood AS is part of the Es­to­nian for­est and wood pro­cess­ing group Le­meks Grupp. The group in­cludes 29 sub­sidiaries and as­so­ciate com­pa­nies, and its 2016 rev­enue was 115 mil­lion eu­ros. The group em­ploys more than 850 peo­ple in Es­to­nia, Latvia, France, the U.K., Swe­den and Nor­way.

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