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Wood producer Thermory expanding rapidly

23 November 2020

The Estonian wood producer Thermory is expanding its production capacity. The company had to put a brake on sales to the USA and decided to invest 7.5 million euros in new thermal ovens.

Thermory was to invest 5 million euros in two new thermal ovens but decided to buy four ovens instead to meet the increasing demand. The total investment will be thus 7.5 million euros and the company will be operating altogether eight thermal ovens.

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UGI is a holding company that invests mainly into sustainable and export-oriented companies in the energy, industrial, infrastructure and utility sectors.

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