Tag: VMG Group

Technonicol purchased a timber enterprise in Belarus

Technonicol closed the deal on purchasing SWOODS Export, a subsidiary of VMG Group (Lithuania) in Borisov (Minsk Region), as reported by the corporation’s press office. The company is considering the possibility of implementing technologies for production of planed...

Raute receives orders from VMG Group

Raute Corporation has received orders worth approximately € 30 million from VMG Group in Lithuania. The orders consist of production machinery for a complete laminated veneer lumber (LVL) process, and the machines will be delivered to VMG’s upcoming...

Russian Timber Journal 01-2021: Dmitry Rudenko, Vice President of Segezha Group: demand for wooden houses currently exceeds the productive capacity; the Ministry of Industry and Trade of Russia held the IV LPK 360° Timber Industry Forum themed A New Era of Development as part of the measures for the development of the timber industry; the Government approved the RF Forest Sector Development Strategy until 2030; how soon will Russia become the world’s largest wood pellet supplier?

Russian Timber Journal 01-2021: WhatWood Agency interviewed Dmitry Rudenko, Vice President of Segezha Group, about the expectations for wooden housing construction and the CLT construction technology that is relatively new for Russia; WhatWood Agency summarizes key theses of the plenary...

VMG opened one of the largest particle board factories in Europe

In September 2020, a record breaking greenfield investment in Lithuania has been presented in Akmenė – “Vakarų medienos grupė” officially opened one of the largest particle board factories in Europe, with the investment reaching a total of EUR...

EBRD will give loans to Belarus timber industry

European Bank for Reconstruction and Development made a decision to support VMG Group’s business in Belarus. VMG Industry FLLC located in Mogilev Special Economic Zone and Swoods Export FLLC from Borisovo will receive loans. Specifically, the company from...