Latvia: Stiga RM is investing more than €32m in a new wood-wool cement board plant in Tukums, expected to complete construction by late 2024 and be operational by the end of 2025. Covering 15,000m2, the plant will create almost 100 new jobs and focus on high-quality wood products, primarily for export markets in Europe, Scandinavia and North America. The plant has a capacity of 4.5Mm2/yr of acoustic wood-wool cement boards. The company has an agreement with SCM Group for the supply and installation of the production equipment at the plant.
Manager Sandis Fogelmanis said "We are pleased that the construction of the new plant is progressing according to plan and, at some stages, is even ahead of the original schedule."
