The company’s nine-month sales stood at EUR22 million this year, up 45% on the year.
“We have gained six new clients this year, and output widened by 40%,” said Michael Brandhuber, general manager and majority shareholder of Sortilemn.
Some 99% of the company’s turnover is based on exports, where Sortilemn works with companies such as IKEA Stokke (Norway), Holsag (Canada), Elano (Norway) and ForaForm (Norway).
Last year, the company delivered directly and indirectly, to other IKEA suppliers, products worth EUR10.5 million, according to some of its previous statements.
IKEA products made by Sortilemn are sold in European markets (Sweden, Germany, France or the UK), as well as in Saudi Arabia, Japan, the US and Canada.
This year, the company hired 80 people, bringing its staff to a total 940 people.
Right now, Sortilemn is unfolding an investment worth EUR6 million in the construction of a biomass plant. The unit will run on wood waste, and the investment is backed by EU funds, energy efficiency funds, a loan and the company’s own resources.
At the same time, the company is unfolding a EUR2 million investment in the development of a plywood section and the exhaust system. These two projects will be complete next year.
In 2012, the company plans to invest EUR1 million in various upgrades for its furniture plant.
(English version by Andrei Circhelan)