Manufacturer of wooden packaging since 1995
The experience of professionals and expert opinions: comparison of types of packaging, solutions for various industries, optimisation and saving of resources, legislation and industry standards, environmental protection.
New year, new project! One of our core values is our employees, which is why we have created the “I am KRONUS” project, during which we will publish interviews with our employees to talk about the importance of their work and to get to know them better.
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We can definitely say that the last year was successful for the company, but at the same time full of challenges. We went from one crisis situation to another, but that did not stop us from reaching new heights. Get to know the most important KRONUS events in 2022!
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Keeping our established tradition, we’d like to respond to your request regarding our market outlook on Q1 / 2023 and share our forecasts with you.
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KRONUS opens a new metal processing factory in Riga, investing more than 2.2 million euros. The ambitious project was realized in just half a year, and the company plans to deliver the first orders to customers by the end of 2022.
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After more than twenty-seven years on the market, KRONUS has become a real expert in the production of reusable packaging. We offer wooden packaging – pallet collars, pallets, lids, and various wooden packaging accessories, which create a safe and environmentally friendly solution. The benefits of reusable packaging are tremendous. They can directly save your costs and of course reduce the effect that your organization is having on the environment. Read on to learn more about the benefits of reusable packaging.
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On 17–18 September, the 24-hour European Championships took place in Verona, Italy, where KRONUS saw operator Ritvars Kalniņš ran 250,065 kilometres, breaking the record set in 2013. The 24-hour race is a 24-hour stadium race where each participant tries to cover as much distance as possible.
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Right after the summer break we would like to update you about the wooden market situation and to provide you our outlook on Q4/2022. Price reductions for almost all wood product units can be observed both in Europe and the USA. However, birch plywood shows a different trend, its prices are increasing.
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Due to the Russian invasion of Ukraine and sanctions, the global metalworking market has been experiencing significant fluctuations and a shortage of raw materials in recent months. KRONUS, responding to the crisis in the related industry, promptly changes the procurement model of metal products and will establish a new metalworking production plant under its wing.
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Meanwhile it became a well-known tradition that KRONUS shares its experience and expertise on the current market situation. Therefore, below you will find some new information and market trends we consider for Q3 / 2022.
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As Edmunds Beļskis, Chairman of the Council of AS “Latvijas valsts meži”, mentioned in a recent la.lv interview – Woodworkers will not be left without raw material! He also emphasised that it would be worthwhile for Latvia to change the laws and regulations that would allow for increasing the production of both timber and energy wood.
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As market situation keeps us excited and challenges us day by day, we’d like to keep you informed about the ongoing situation on the market and support you in your decision process for packaging purchases.
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Already last year, the timber market was characterized by a sharp increase in prices. Given the geopolitical situation earlier this year, prices continue increasing due to sanctions imposed against Russia.
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