Business expansion
Lietuva; Vilniaus apskritis;
Location of affected unit(s)
Manufacture Of Wood And Paper Materials
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

100 jobs
Number of planned job creations
Job creation
Announcement Date
5 September 2006
Employment effect (start)
1 January 2008
Foreseen end date


Latvijas Finieris, one of the biggest Latvian wood processing companies, which exports its production to more than 40 countries in the world, intends to build a new wood processing factory in Lithuania. The factory will start its work at the beginning of 2008 in Ukmergė. According to the administration, 100 new workers will be employed in it. Latvijas Finieris has already established its subsidiary in Lithuania – Latvijas Finieris Miškas, which will help to organise all the work in the new factory. The main role of Latvijas Finieris Miškas in Lithuania is to provide wood for Latvijas Finieris factories. In all the Latvian company ownes 8 subsidiaries in Europe, USA and Japan.


  • 5 September 2006: Lietuvos Rytas


Eurofound (2006), Latvijas Finieris, Business expansion in Lithuania, factsheet number 64043, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64043.