Latvijas Finieris

Latvijas Finieris

Company type	Joint stock company
Industry	Plywood and timber
Founded	1992
Headquarters	Riga , Latvia
Key people	Uldis Biķis (Chairman), Jānis Ciems (President and CEO)
Products	Plywood and wood products
Revenue	404,821,425 euro (2023)
Net income	44,927,968 euro (2023)
Total assets	350,534,555 euro (2023)
Number of employees	1,455 (2023)
Website	www.finieris.com

JSC Latvijas Finieris is a Latvian company and the leading manufacturer of veneer, plywood and related products in the Baltic States. Other significant activities of the group include the sale of board materials, forestry and logging, as well as the production of synthetic resins and phenol-formaldehyde resin films. Plywood products are exported to more than 50 countries under the Riga Wood brand. ^[1]

Production sites

Production sites

Country [2]	Product	Production Units
Estonia	Plywood	Kohila plywood mill
Finland	Plywood	Sastamala veneer mill
Latvia	Plywood	Lignums plywood mill Furniers plywood mill Hapaks plywood further processing mill Verems plywood mill Kuldīgas fabrika veneer mill
	Other	Troja further processing and wood products Iekārtu rūpnīca (machinery manufacturing) Chemical products plant
Lithuania	Plywood	Likmere veneer mill
Estonia	Plywood	Sastamala

History

The origins of "Latvijas Finieris" can be traced back to the Latvijas Bērzs factory, founded in 1873, where plywood production began in Latvia for the first time with the installation of a hydraulic press in 1909.

With the rapid development of industry, the companies Furniers and Lignums, established in later years, became the most modern manufacturers of birch veneer and plywood products of their time and were recognized in many countries around the world.

During the Soviet occupation, all three factories were merged in 1975 to form the state-owned company Latvijas finieru ražošanas apvienība (Latvian Plywood Production Association). As the collapse of the USSR approached, production volumes declined rapidly, and the plywood industry in Latvia only experienced new development after 1992, when many factory workers joined forces to establish the closed joint-stock company Latvijas Finieris. ^[3]

On November 9, 2021, the company introduced a new export brand for its products, Riga Wood ^[4] . On June 14, 2024, Latvijas Finieris opened a new veneer production facility, Kuldīgas fabrika, in Kuldīga. It is equipped with a unique hybrid peeling machine that allows veneer logs to be peeled down to a core of 25 mm. This makes it possible to process roundwood with a smaller diameter, thus allowing birch pulpwood to be used as raw material. ^[5]

Employees and structure

The Group employs more than 2,400 people in over 250 different professions. The company's structure includes several factories, processing and sales companies, logistics and timber businesses, forming a complete chain from forest to finished product.

University patron

Latvijas Finieris is a bronze patron of the University of Latvia Foundation. In 2001, it donated to the installation of a memorial stone to the patron of the University of Latvia Kristaps Morbergs in Bukaiši, in his native house "Lielstrikaiši". ^[6]

References

1. "Latvijas Finieris | Exim". Archived from the original on 2014-09-24.
2. "Latvijas Finieris - Mills". www.finieris.com. Archived from the original on 2011-05-14.
3. "Par "Latvijas Finieri"". www.finieris.lv (in Latvian). Archived from the original on 2019-05-23. Retrieved 2026-01-26.
4. "Latvijas Finiera produkcijai jauns eksporta zīmols". Dienas Bizness (in Latvian). Retrieved 2026-01-26.
5. "FOTO: Atklāta 16 miljonus eiro vērtā Latvijas Finiera ražotne Kuldīgas fabrika". Dienas Bizness (in Latvian). Retrieved 2026-01-26.
6. "SIA "Troja"". Archived from the original on 2020-10-25. Retrieved 2020-05-12.

External links

• Official website
• Plywood Sheets