Raute Corporation has received in August and November 2007 orders for plywood technology worth 14 million EUR from the Latvian company A/S Latvijas Finieris. The machine deliveries will take place in the summer and autumn of 2008. In August, Latvijas Finieris ordered all production lines for a new green veneer mill to be built in Ukmerge, Lithuania. To be further processed, the veneer produced with Raute machinery in Lithuania will be transported to Latvijas Finieris' mills in Latvia. In November, Latvijas Finieris ordered for its Lignums mill situated in Riga, Latvia, a mill modernization including several production lines. The investment
targets in making the raw material handling more efficient and thus improve the raw material recovery and increase production efficiency and flexibility.
The received orders are part of a long-term development plan of Latvijas
Finieris. The target of the plan is to make the company the globally leading birch plywood developer and producer.
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