Stiga RM Completes Modernization of Its Birch Plywood Factory in Kuldiga, Latvia
Stiga RM has successfully completed a modernization project at its birch plywood factory in Kuldīga, Latvia, The Baltic Times reported (7-1-25).
The Latvian government supported the project with EUR 5.145 million in funding through the ALTUM Large Investment Project Support Program. Total investments over two years reached EUR 22.4 million. The project created 38 new jobs.
Launched in early 2023, the project improved production efficiency through new equipment and technological processes. Enhanced product quality has also driven a substantial increase in exports.
Having completed this development phase, Stiga RM is preparing for the next growth cycle, focusing on exports, innovation, and producing high value-added products.
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