During FY2017 the engineered wood manufacturer’s plants in Poland and the Ukraine boosted their output to record levels.
On the down side, difficulties with the supply and quality of the production component PMDI (adhesive) and the resulting reduction in the availability of OSB were particular factors that prevented sales rising further.
The group, controlled by the chairwoman of the board of directors Ines Kaindl from the second generation of the family following the death of founder Ernst Kaindl in the spring of 2017, is now on the growth path.
The world’s largest producer of laminate flooring is already investing almost €230m in the expansion of its US plant in Barnwell, South Carolina (new HDF and floor production facilities). Also €70m was pumped into the Swiss Menznau plant and €50m million into the Sharya plant in Russia for new particleboard production facilities. In the company’s plant located in Zary, Poland, the Group invested €23m in CPL systems and short-cycle presses.
