In 2025, Stiga RM, one of the leading timber companies in Latvia, and its five affiliated group companies* continued to deliver historically high turnover results, achieving consolidated turnover of EUR 114.8 million, up 18.7% compared to the previous year. The financial results confirm stable profitability and an effective operating model despite particularly challenging global market conditions, which resulted in pricing pressure across the product and by-product categories offered by Stiga RM.

“The turnover results of the past year confirm that the strategic goals set in recent years – investing in the production of high value-added products – have delivered strong performance again this year. Despite uncertainty in global markets, Stiga RM continues to purposefully pursue long-term competitiveness, technological development, and a sustainable industry leadership position. We see that significant investments and the persistent efforts of the Stiga RM team continue to bear fruit. This year, we will also continue investments in IT, as data-driven decision-making is an essential component of rapid growth in a highly competitive environment,” says Andris Ramoliņš, Owner and Chairman of the Board of Stiga RM.

The implementation of various IT solutions enables data collection across all production processes. By analysing the collected data, Stiga RM has been able to improve its product portfolio, enhance the efficiency of forestry and logistics operations, identify and reduce unnecessary costs, and increase productivity in manufacturing processes.

Highlights of the Year 2026 – Kuldīga, Tukums and Ogre

At the beginning of 2026, the company plans to commission its new plywood further-processing mill in Kuldīga. By the end of this year, state-of-the-art automated production equipment worth nearly EUR 5 million will be installed in the new facility. The further-processing mill will significantly increase the value of products manufactured at the existing birch plywood production facility by 50–70% and will create 16 new jobs in the region.

This year, Stiga RM’s Wood Wool Cement Board (WWCB) mill in Tukums will also begin operations and will become the most advanced WWCB mill in the world. Once opened, the factory complex, covering 80,000 square metres, will create nearly 100 new jobs and produce high value-added wood products primarily for export markets, significantly expanding Stiga RM’s product portfolio.

The Tukums WWCB mill is already operating in test mode, and the quality of the first panels fully meets the company’s quality standards. Despite operating in test mode, the new product has already attracted strong interest from customers across Europe, and Stiga RM has signed its first supply contracts.

In the second half of 2026, Stiga RM plans to complete Phase 1 of construction of its large-format and non-standard birch plywood mill in Ogre, which will be one of the most modern plywood production facilities in Northern Europe. This project will also create 50 new jobs in the region.

* Stiga RM group consists of six companies: SIA Stiga RM, SIA Stiga RM Nami, SIA Stiga RM Distribution, SIA Stiga RM Transports, SIA Stiga RM Metāls, and AS Stiga RM Pārvaldība. This Communication summarises the collective performance indicators of Group companies, except SIA Stiga RM Mežs. Further information on the activities of each company is available on the company website: https://stigarm.lv/lv/par-mums/.

About Stiga RM:

Stiga RM is a family company from Tukums, founded in 1994 with the goal of protecting Latvia’s prosperity through responsible forest management. On nearly 12,500 hectares of land, most of which is comprised of woodlands, the company carries out the full cycle of forest management based on the sustainable principles of forest management. Stiga RM’s factory in Kuldīga produces birch plywood from high-quality Latvian birch wood. Meanwhile, in Tukums, the world’s most advanced Wood Wool Cement Board (WWCB) production facility has begun operating in test mode. The company also offers roundwood transportation services, providing the largest fleet of log trucks in the Baltic and Scandinavian countries.
 
Source: baltictimes.com