Baltic Timber Industries

Type
Business expansion
Country
Latvia
Region
Latvija; Latvija;
Location of affected unit(s)
Sector
Manufacturing
(16 - 17) Manufacture of wood and paper materials
16 - Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
16 - Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
150 jobs
Number of planned job creations
Job creation
Announcement Date
2 August 2005
Employment effect (start)
1 September 2005
Foreseen end date

Description

Baltic Timber Industry - a company with 100% United States stock capital - will produce glueboards only for the US market at the industrial park of Liepaja. The company has installed new US manufactured equipment and plans to employ 150 employees, including qualified wood processing specialists as well as machine operators and other low qualification workers. The company has just received the status of a free economic zone enterprise.

Sources

Citation

Eurofound (2005), Baltic Timber Industries, Business expansion in Latvia, factsheet number 62040, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62040.