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<\/span>VMG Group together with real estate development company in Lithuania Hanner and Baltic Industrial Fund II managed by Braitin opened a 100 million Eur worth factory of structural engineered timber materials in Lithuania, Akmene free economic zone.<\/p>\n VMG Lignum construction factory has yearly capacities to produce 120.000 cubic meters of LVL (Laminated Veneer Lumber), 15.000.000 meters of I-joists and 200.000 cubic meters of structural particle boards.<\/p>\n \"This product range is a world-wide unique combination of engineered timber materials for the construction, the most efficiently utilizing the wood biomass. It should ensure the highest standards of sustainability and enable faster growth green ConTech industry,\" says the sole VMG group shareholder and investor Sigitas Paulauskas.<\/p>\n The first target production markets for export are Scandinavian and other European countries, North America and Australia.<\/p>\n In the subsequent phase of development, the solutions range will be expanded to include other segments of sustainable building structures, such as prefabricated wall and ceiling panels, glued LVL columns, and wall chipboard with decorative sheet.<\/p>\n About VMG group<\/span><\/strong><\/p>\n The VMG Group, whose products are exported to more than 30 countries around the world, is currently developing large-scale investment projects in one of the free economic zones in Lithuania, the total investment amount of which reaches 0.5 billion Eur.\u00a0<\/span>In 2020, the company opened one of the largest chipboard factories in Europe. The company has invested more than 150 million Eur in its capacity. VMG group's consolidated sales in the furniture sector last year, compared to 2022, grew by more than a third and reached 323 million Eur.<\/p>","protected":false},"excerpt":{"rendered":" VMG Group together with real estate development company in Lithuania Hanner and Baltic Industrial Fund II managed by Braitin opened a 100 million Eur worth factory of structural engineered timber materials in Lithuania, Akmene free economic zone. VMG Lignum construction … Continue reading