Thursday, January 29, 2026
Despite ongoing volatility in global timber markets, STIGA RM, one of Latvia’s leading timber and wood-processing groups, reported another year of robust financial performance in 2025. The company and its five affiliated group entities achieved consolidated turnover of EUR 114.8 million, representing a year-on-year increase of 18.7%. The results underline the resilience of STIGA RM’s operating model at a time when international pricing pressure continues to affect timber products and by-products alike.
The STIGA RM Group comprises SIA Stiga RM, SIA Stiga RM Nami, SIA Stiga RM Distribution, SIA Stiga RM Transports, SIA Stiga RM Metāls, and AS Stiga RM Pārvaldība, forming a vertically integrated structure that spans forestry, production, logistics, and distribution. This integration has played a key role in maintaining profitability while navigating complex market conditions.
According to Andris Ramoliņš, Owner and Chairman of the Board, the company’s continued growth reflects long-term strategic investments in higher value-added wood products and modern production technologies. STIGA RM has deliberately shifted away from commodity-focused output, prioritising innovation, efficiency, and sustainable competitiveness across its operations.
A core pillar of this strategy is digital transformation. Over recent years, the company has implemented advanced IT systems that enable real-time data collection across forestry operations, logistics, and manufacturing processes. By analysing production and operational data, STIGA RM has optimised its product mix, improved resource utilisation, reduced avoidable costs, and increased overall productivity—critical advantages in a highly competitive timber industry.
Looking ahead, STIGA RM has outlined several major investment milestones across Latvia, reinforcing its role as a regional leader in advanced wood processing.
In Kuldīga, the company plans to commission a new plywood further-processing mill at the beginning of 2026. Nearly EUR 5 million will be invested in automated equipment by year-end, increasing the value of output from the existing birch plywood facility by an estimated 50–70%. The project is expected to create 16 new jobs in the region.
Meanwhile, in Tukums, STIGA RM is preparing to launch what is set to become the world’s most advanced Wood Wool Cement Board (WWCB) production facility. The 80,000-square-metre complex will generate close to 100 new jobs and produce high-value wood-based construction materials primarily for export markets. Although currently operating in test mode, the plant has already met internal quality benchmarks and secured initial supply contracts with European customers.
In Ogre, the company plans to complete Phase One of its large-format and non-standard birch plywood mill in the second half of 2026. Once operational, the facility will rank among the most modern plywood plants in Northern Europe and will add 50 new jobs to the local economy.
Together, these investments position STIGA RM as a key driver of innovation, employment, and export growth within Latvia’s timber sector. By combining digitalisation, industrial-scale efficiency, and sustainable wood processing, the company continues to strengthen its competitive standing in European and global markets.
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Tags: Baltic wood sector, birch plywood production, Latvia timber industry, Stiga RM, timber investments Latvia, wood processing Latvia, WWCB manufacturing
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