The company expects to reach a turnover of nearly EUR100 million in 2013, up 40% on the year.
Kastamonu is the only company trying to break the grip of the Austrian companies on the local wood market.
“Our industry has been flat since the beginning of the year. Under the circumstances, promoting our products has become a priority for us in order to boost market share,” Radu Corabian, sales manager of Kastamonu Romania, told ZF Transilvania. “We are considering increasing production capacity gradually over the coming period, in sync with the progress of sales.”
Kastamonu sells its products to door manufacturers, real estate developers, do-it-yourself networks, furniture manufacturers, wholesalers of materials and accessories for the furniture industry.
It also exports to partners in Turkey, Ukraine, France and Northern Africa, more than 30 countries in all, according to its prior statements. Exports increased 50% in 2012, and Kastamonu has not said anything about exports since.
The company completed an investment in a new particleboard plant last year, whose production is already showing in revenue. The new plant required a EUR150 million investment and its production capacity is 17 million door skins and 500,000 cubic meters of particleboard and the melamine-facing capacity stands at 20 million square meters a year.
Production has not reached capacity yet, Corabian said, and the company is currently installing a new kitchen countertop line at the new plant set to become operational in 2014.
Kastamonu Romania is the third largest local producer of particleboard and melamine-faced particleboard, after Kronospan and Egger, as it has previously said.
(English version by Loredana Fratila-Cristescu)