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With the support of ERAF, the project “Establishment of a Baltic Block pilot plant for introduction of new extruded products into production” will be implemented

On May 7, 2019, SIA Baltic Block signed contract no. with the Central Finance and Contracts Agency on the project “Establishment of a Baltic Block Pilot Factory for the Production of New Extruded Products”.

The aim of the project is to establish a plant that will produce extruded woodchip products for industrial pallets in Madona. Project duration is 48 months. The total cost of the project is EUR 9 903 000, of which the eligible costs are EUR 9 703 000, but ERAF funding stands at EUR 3 881 200.

The project will create a new plant in Madona, which will produce 3 new products based on the advantages of the experimental equipment to be purchased.

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