100% of Russian chipboard manufacturer owned by EGGER from 1st July
The Russian cartel authority has approved the takeover of the Russian chipboard manufacturer "OOO Gagarinskiy Fanerniy Zavod" in Gagarin by the EGGER Group. Gagarin, situated 150 km west of Moscow, will thus become the 17th plant in the EGGER Group and EGGER’s second location in Russia. Apart from a raw chipboard production with 500,000 m3 capacity and an upgrading capacity of 20 mill. m2 per year, Gagarin also has a forestry operation with 80,000 hectares. Gagarin employs a total of about 500 employees, who will be joining the EGGER Group. The sales contract was already signed on 20th May 2011, and both parties agreed to maintain confidentiality about the purchase price.
"Russia is counted as being amongst the strategic growth markets for EGGER. The market has also developed well during the economic crisis and still has a large potential", says Thomas Leissing, Head of Finance/Administration and Group Management Spokesman.
"We are very happy to be able to further develop our market position in Russia, but also the neighbouring markets, with a second Russian location", explains Ulrich Bühler, Head of Sales/Marketing and member of the EGGER Group Management. Gagarin was taken into operation in 2009 and is equipped with modern technology. The plant is equipped with a ContiRoll as well as three short-cycle presses. Approximately 50% of the plant’s wood requirement is covered by its own forestry.
EGGER is already represented in Russia since 2005 with a chipboard plant in Shuya. At this site, EGGER manufactures for the Russian market with a capacity of roughly 250,000 m3 and 290 employees. 100% of the production in Shuya is further upgraded to EURODEKOR coated chipboard.
ABOUT EGGER:
With about 6,500 employees and a preliminary turnover of EUR 1.78 billion (2010/2011 business year), the EGGER Group with its headquarters in St. Johann in Tirol is one of the leading international wood processing companies. Founded in 1961, the family company has production plants across Europe and customers around the world including the furniture industry, wood distributors and DIY markets. EGGER products are found in various areas of private and public life: in kitchens, bathrooms, offices, living rooms and bedrooms. Following the guiding principle "More from Wood", the Tyrolean wood processor offers a comprehensive product range of wood-based materials (chipboards, OSB boards and MDF boards), which are upgraded with decors, as well as timber under the EGGER umbrella brand.
GAGARIN – 17th EGGER location
- Russian cartel authority approves of takeover
- With the purchase of "OOO Gagarinskiy Fanerniy Zavod" EGGER obtains a second Russian plant
- 500,000 m³ chipboard capacity
- 20 mill. m² coating capacity
- Adjoining forestry operation with about 80,000 hectares
- About 500 employees
- Strengthening of the EGGER market position in Russia
- Exports into neighbouring countries possible |
