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March 23, 2023

An Estonian wood processing company goes bankrupt

  An Estonian wood processing company Holzinvest OÜ went bankrupt in the city of Pärnu.  "Nothing happened to the company, it happened to the world," said Vello Kink, the owner of Holzinvest, who announced the bankruptcy and layoffs. Although there is demand, the company has nothing to offer customers due to delivery difficulties.  Holzinvest OÜ deals with wood trade and processing in Pärnu County. Before the war, raw materials were obtained from Russia, Belarus and Ukraine, but given the current situation in the world, supply difficulties arose.  Holzinvest remains hopeful that ...

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