In Tukums, a new factory for producing STIGA RM acoustic wood boards is being constructed

One of Latvia’s leading companies in the important wood industry, STIGA RM, said June 16 it had started construction of a new acoustic wood board factory in Tukums municipality.

Minister for Economics Ilze Indriksone and Minister for Agriculture Didzis Šmits were on hand at the burying of a time capsule in the base of the future production building, if for some reason future generations might be interested in disinterring it and examining the contents.

“The factory will open in 2026, ensuring the production of high-quality, modern, sustainable and environmentally friendly wooden products for the domestic and export markets. It will be a place for the creation of added value and the realisation of safe ideas – a modern and powerful factory of wood wool acoustic panels,” said Andris Ramoliņš, owner of STIGA RM.

Investments in the site will total more than EUR 30 million, nearly half of which will be covered by STIGMA RM from its own funds, 11.1 million from an OP Corporate Bank loan and EUR 4.5 million from state co-financing institution ALTUM.

As a result of the project, a production building of nearly 15 thousand square metres will be built, along with adjacent infrastructure, creating more than 100 jobs.

Acoustic wood wool cement boards will be produced in the factory, which are used for high-quality sound and heat insulation, fire safety and other design uses.

More than 90% of the produced products are planned to be exported to Scandinavia, Europe, the Middle East and North America.

STIGA RM was founded in 1994. The company is engaged in full-cycle of forest management on its more than 10,100 hectares of land. Its existing factory in Kuldīga produces birch plywood from high-quality Latvian birch wood. The company also offers roundwood transportation services, providing a fleet of log trucks in the Baltic and Scandinavian countries.

Source: eng.lsm.lv