In early July, SIA Kronospan Riga, one of the world’s leading manufacturers of wood-based panels, completed the acquisition of the KS Terminal Ltd cargo terminal in the Port of Riga, becoming the sole owner of the company. This acquisition will strengthen Kronospan’s position in Northern Europe and create new strategic opportunities for the terminal’s growth.
Member of the Board of Kronospan Riga and KS Terminal Vivita Vavere-Ozola noted that the acquisition of the terminal is aimed at ensuring the export of products to the USA, Great Britain and Scandinavia, as well as attracting new customers and cargo to maximize the potential of the terminal. An investment plan is being developed to modernize and improve the level of service at the terminal.