HLV Transilvania to invest 2m euros in timber production

Sibiu-based company HLV Transilvania, specialising in forest exploitation and timber production, will invest 2 million euros this year in acquiring equipment for the timber plant in Talmaciu. The company posted a 12 million-euro turnover last year, around 16% more than in 2005. HLV Transilvania expanded its production in 2004 by acquiring Sargetia in Orastie. An operations and transport area was developed in this location. According to company data, the total forest exploitation capacity is currently around 200,000 cubic metres a year. The company aims to expand its exploitation capacity to one million cubic metres a year and to have a production of some 150,000 cubic metres of beech timber. The current timber production capacity is of up to 50,000 cubic metres of logs a year. A big part of timber production is exported to the Eastern market (some 18,000 cubic metres), while 7,000 cubic metres of timber go to the European market, according to company data.