The “king of wood” went beyond the EUR300-million mark, and 2010 was extremely good for the Austrian entrepreneur, who managed to add EUR100 million to turnover, according to a ZF analysis based on Finance Ministry data.
Schweighofer can be satisfied with his profitability as well, as the main firm in his group had a net result of almost EUR70 million, corresponding to a 22% profit margin.
Adding the other two firms the Austrian businessman operates in Romania, Holzindustrie Baco and Holzindustrie Schweighofer Panels, total turnover nears EUR350 million in Romania and profit hits EUR74 million.
According to data published on its own website, Holzindustrie Schweighofer operates plants in two locations, Sebes and Radauti. The businessman also owns a Baco panel and a DIY panel plant in Romania. He also invests in forests, farming land, biomass energy generation stations and a hotel.
The 10 largest companies in the wood processing industry last year registered turnover of almost EUR1 billion, according to a ZF analysis based on Finance Ministry data. The segment also includes Turkish (Prolemn), Spanish (Losan) and Polish businesses (Barlinek).
(English version by Catalina Apostoiu; Editing by Radu Bostan)