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VMG Lignum as a part of VMG Group, one of the largest wood processing and furniture production groups in central and eastern Europe, joined together with real estate development leaders in Lithuania “Hanner“ and “Baltic Industrial Fund II” managed by BRAITIN to invest in the €100m structural engineered timber materials factory in the Akmene free economic zone.
“This product range is a world-wide unique combination of engineered timber materials for construction,” said the sole VMG group shareholder and investor Sigitas Paulauskas. “It will ensure the highest standards of sustainability and enable faster growth green ConTech (construction technology) industry.” The plan is for the factory to supply both local and global markets to enable faster development of sustainable construction, with engineered timber products and building solutions delivered to both new construction and renovation projects.
The first target production markets for export are Scandinavian and other European countries, North America and Australia. In the subsequent phase of development, the solutions’ range will be expanded to include other segments of sustainable building structures, such as prefabricated wall and ceiling panels, LVL columns and decorative wall chipboard.
This next phase involves production of MMC elements and GLVL (glued laminated veneer lumber – or LVL, glued to bigger dimensions for beams and columns). Other products are being considered in the
future.
It is expected that, based on the consistent development of capacities and installation of automated production lines, the entire range of products required for high-rise sustainable construction and renovation will be produced in Naujoji Akmene by 2025. VMG Lignum cites several timber construction drivers, including the New European Green Deal and the New European Bauhaus initiative.
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The latter is supported by the European Commission and member countries, envisaging timber structures being more widely applied for new construction and renovation projects. Focusing on new regulations to minimise carbon emissions, the wider building industry is facing challenges in how it delivers on these topics. Using engineered wood, VMG Lignum believes, will help create new opportunities, save energy consumption and increase efficiency.
It cited Global Wood Markets Info (GWMI) research, which says the European market for mass timber-based multi-storey buildings is growing at some 8% per year. Investment in LVL production capacity within Europe has been a big trend in recent years, with VMG Lignum being the latest. ►
Top: Veneer sheets being handled in the new factory Centre: LVL coming off the production line
Bottom: VMG sees LVL and I-joists as important parts of its engineered wood construction products portfolio
www.ttjonline.com | November/December 2023 | TTJ
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