Proteak sales disadvantaged by slow MDF market
Proteak, a world leader in the production of teak and since 2016 manufacturer of MDF boards under the Tecnotabla brand at its state of the art plant in Tabasco, reported consolidated sales of MXP 265 million in 1Q-2018, 8% below 1Q-2017 sales and explained as an effect of the price pressure in the MDF board market and lower sales volume. In 1Q-2018 MDF sales totaled MXP 210 million, a 13.2% drop compared to 1Q-2017 sales and 8% over the sales registered in the 4Q-2017. Although sales of Tecnotabla MDF boards are not ...
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