Latvijas Finieris to Invest €15 Million in Expansion of Sastamala Plant in Finland
Latvijas Finieris invests €15 million in expanding its Riga Wood Finland Oy plant in Sastamala, Finland. The project aims to enhance production capacity and automation with a new peeling line scheduled for installation in autumn 2026 and operational by early 2027. Construction has begun, including a raised roof over 550 m² for the new line. The investment is expected to boost regional employment and is supported by OP Corporate Bank. The company plans to process around half of its veneer log volume outside Latvia in response to rising competition.
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Latvijas Finieris is investing €15 million to expand its Riga Wood Finland Oy plant in Sastamala, Finland, to increase production capacity and automation. A new peeling line will be installed in autumn 2026, with operations starting in early 2027.
Construction progress includes laid foundations for a new finishing basin and a raised roof over 550 m². This investment is expected to enhance regional employment and is supported by OP Corporate Bank. The company aims to process about half of its veneer log volume outside Latvia due to competition for efficient land use in Europe.
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