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July 6, 2018

Kronospan improves profits in Latvia

During its last fiscal year lasting from October 1, 2016 to September 30, 2017, Kronospan Riga particleboard producer turned over EUR 186.822 million, up 5.7% year-on-year, and made a profit of EUR 89.332 million, which was 2.5 times higher than in 2016.   The company’s management said in the report that the turnover and profit generated from the particleboard business improved last fiscal year thanks to increased sales of oriented strand board (OSB), particle boards and veneered boards.  Last fiscal year, Kronospan Riga invested EUR 2.6 million in ...

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