As construction of the new “Stiga RM” wood acoustic board factory continues, a significant phase of the work has been completed – the laying of the factory building's foundations – and the assembly of the facility's steel structures has begun. One of Latvia's leading timber companies, “Stiga RM”, has already invested more than €3.36 million in the development of the new factory, which began in the spring, and the planned investment volume will reach €4.8 million by the end of the year.

Currently, at the site of the future factory in the Tukums municipality, the foundation for a nearly 15,000 sqm production building has been completed, access roads have been created, asphalt has been laid for the timber storage area, the masonry frame for the office building and part of the boiler house has been built, and water and electricity supplies have been secured.

It is planned that in the first quarter of 2026, the Tukums municipality will become home to a new manufacturing company, producing a high-value, human- and environment-friendly, CO₂-neutral wood product – wood wool cement boards (WWCB). Given the advantages of the material, it is widely used in many parts of the world, and therefore “Stiga RM” plans to export more than 90% of its production.

“The construction process is gaining momentum, and four months after the foundation stone was laid, the site of the future plant looks completely different – access roads have been organised, the surrounding area has been tidied up, and infrastructure and utilities are in place. We are currently preparing for the construction of the factory building itself, with the opening of the plant scheduled for 2026. This factory will be the most modern in the world – the level of robotisation we have planned has not yet been implemented by the manufacturers of such equipment. Therefore, before the opening, we will dedicate a great deal of attention to ensuring that the production process is carefully considered, clear and precise down to the smallest detail,” emphasises “Stiga RM” owner Andris Ramoliņš.

Nearly €5 million of the investments for the project’s implementation are being provided from the company's own funds this year, while the total investment volume over the coming years will reach more than €30 million. Almost half of the planned investment will be provided by the company's capital, a loan of €11.1 million has been granted by OP Corporate Bank and a further €4.5 million is state co-funding from ALTUM.