ConTech expansion: new sustainable construction plant VMG Lignum Construction will supply €150 million of LVL and I-beams annually to the American, Australian, and European markets
The €100 million facility for structural engineering timber materials is located in the Akmenė Free Economic Zone .
- The €100 million facility for structural engineering timber materials is located in the Akmenė Free Economic Zone .
- The VMG Lignum Construction factory has the annual capacity to produce 120,000 cubic meters of laminated veneer lumber (LVL), 15 million meters of I-joists and 200,000 cubic meters of structural particle boards.
- It will thereby enable faster development of sustainable and climate-friendly work on both new construction and panelised serial renovation projects.
- According to Global Wood Markets Info (GWMI), the European market for mass timber-based multi-storey buildings is growing at a pace of roughly 8% a year.