FINLAND - Raute Corporation informed that it has signed a contract worth EUR 29 million with AS Latvijas Finieris (Latvijas Finieris), Latvia for the delivery of technology to a plywood mill expansion.

Following the terms of the contract, the project has become effective by signing of a delivery contract today.

Latvijas Finieris, the leading producer of birch plywood in Europe and the Baltic countries, will expand their Verems, Latvia plywood factory to increase the production capacity by 35000 m3.

The order for Raute’s technology includes all main production processes from veneer drying to plywood overlaying. The lines are a complete solution compiled of the proven R5- and most modern automated R7-Series technologies. All lines are equipped with analyzers for grading and MillSIGHTS software for data capturing.

The ordered machinery and equipment will be delivered between March 2024 and June 2025. The equipment will be manufactured at Raute’s production units in Lahti and Kajaani in Finland, and in the company’s partnership network.

This new expansion, which will be in full operation in 2025, is part of Latvijas Finieris’s strategy to develop and innovate sustainable birch plywood production enabling further processing of special end products.