On the morning of 24 February 2022, the management team of Latvijas Finieris made a unanimous decision to terminate any future relations with representatives of the national economies of the aggressor countries – Russia and Belarus. This applied to both the procurement of raw materials and the sale of birch plywood products. The second immediate decision of the company’s management was to redirect stable, sufficiently long-term financial support to the Ukrainian people. Our help system is based on a simple belief – we can help if we are strong ourselves, able to work and earn money without interruption. Therefore, the aid size is linked to the amount of logs processed in Latvijas Finieris mills – 5 euro for each cubic meter.
The Latvijas Finieris goal for 2022 was to allocate a total of 2.5 million euro – about 1% of the Group’s turnover, equal to 100 euro per month for each Latvijas Finieris employee. This goal was achieved, although the actual transferred funds were slightly less – about 2.2 million euro. The rest of the support will be directed in 2023, as we evaluate each transfer very carefully.