Kastamonu’s Reghin plant makes high density fiberboard, door veneers, particleboard and melamine-faced particleboard, as well as kitchen countertops for DIY retail chains, furniture manufacturers, wholesalers of materials and accessories for the furniture industry.
“We have investments planned in boosting production capacity of door veneers and other upgrades in the fourth quarter. We are optimistic about how things will go, and have investments planned for next year, as well,” Kastamonu Romania officials told ZF Transilvania.
Kastamonu Romania gets more than 50% of its revenue from exports to such countries as Hungary, Italy, Serbia, Poland, Turkey, Ukraine, Moldova, Czech Republic, Croatia, Slovenia, Slovakia, Algeria, Morocco, Guatemala, Egypt and France, the company has previously said.
It posted 290 million lei (some EUR60 million) revenue in the first half, almost flat on the year-ago period. Kastamonu Romania posted more than RON605 million (EUR127.6 million) revenue and RON60.5 million (EUR12.8 million) loss in 2019.
(English version by Loredana Fratila-Cristescu)