Report: Latvijas Finieris plans €300m plant in Latgale

On 31 July 2026, Prime Minister Andris Kulbergs announced at a meeting of the coordination council for large and strategically important investment projects that plywood maker Latvijas Finieris plans a new €300 m wood-processing plant in Latgale, Latvia's structurally weakest region; no specific site was named. The project forms part of the company's wider programme of more than €400 m, communicated in June 2026, with which it aims to lift turnover from €414 m to at least €500 m within three to four years; the separate €100 m expansion of its Rēzekne plant (90 new jobs), announced back in April 2026, is unaffected. Reported on the basis of the prime minister's account — the company has not published a timetable or employment figures; Kulbergs also pointed to the logistical hurdle of Latgale's long distance from the ports.