# Raute receives EUR 29M order for plywood mill expansion in Latvia

Raute signed a EUR 29 million contract with AS Latvijas Finieris to deliver technology for expanding the Verems plywood factory in Latvia, increasing capacity by 35,000 m3. Equipment will be delivered between March 2024 and June 2025, with full operation in 2025.

- Type: Contract
- Announced: 2023-04-25
- Where: Verems, Latvia
- Value: $32.0M (29.0M EUR)
- Status: announced
- Capacity: 35000 m3 per year
- Products: plywood production lines, veneer drying line, veneer scarf-jointing line, veneer composing lines, plywood layup line, plywood pressing line, panel trimming line, panel overlaying line
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Raute](https://endata.com/companies/69921.md) (supplier)
- [AS Latvijas Finieris](https://endata.com/companies/69922.md) (customer)

## Sources

- [raute.com](https://www.raute.com/news-and-events/raute-announces-the-receipt-of-an-order-of-eur-29-million-to-latvia/), 2023-04-25: "Raute has signed a contract worth EUR 29 million with AS Latvijas Finieris, Latvia for the delivery of technology to a plywood mill expansion."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.