{"id":76961,"date":"2019-01-21T12:33:23","date_gmt":"2019-01-21T12:33:23","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/kronospan-plans-to-buy-mdf-company-in-ukraine\/"},"modified":"2025-09-19T08:49:44","modified_gmt":"2025-09-19T08:49:44","slug":"kronospan-plans-to-buy-mdf-company-in-ukraine","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/kronospan-plans-to-buy-mdf-company-in-ukraine\/","title":{"rendered":"Kronospan plans to buy MDF company in Ukraine"},"content":{"rendered":"

Wood panels producers worldwide consider speeding up the expansion on the market in Ukraine, through building their\u00a0own production facilities within the country, or the acquisition of existing players.<\/em><\/p>\n

As reported by Wood-based Panels International (WBPI),\u00a0panel makers from around the world are eyeing the Ukraine as a possible country for expansion of their panel making capacities.\u00a0For example, Austrian-headquartered Kronospan aims to become a leading player in the Ukrainian market for panels, which could be achieved by the acquisition of MDF maker Korosten, one of Ukraine\u2019s leading MDF producers, which is owned by a well-known Ukrainian businessman, Leonid Yurushev.<\/p>\n

Currently the Korosten factory, which is based in the Zhytomyr region, remains one of the most attractive assets in the Ukrainian panel industry, mainly due to its specialisation in the production of MDF; and its status as a single large-scale producer in Ukraine.<\/p>\n

In the middle of last year, the Ukrainian anti-trust regulator The State Anti-Monopoly Committee gave Kronospan permission to acquire the Korosten factory. However, according to some Ukrainian media reports, due to unspecified reasons, the deal has not yet been completed, WBPI reported.<\/p>\n

Currently Kronospan, which has been working in Ukraine since the beginning of the 2000s, already operates a plant for the production of particleboard in Volyn Oblast, which is a province in north-western Ukraine. The acquisition of the Korosten factory would have provided an opportunity for the company to significantly diversify its local range and strengthen its position in the Ukrainian panel market, which currently remains largely fragmented. In 2015 the profits of the Kronospan Volyn factory amounted to UAH 1 billion (US$36m), but more recent data is currently unavailable.<\/p>\n

Analysts at the Ukrainian Ministry of Infrastructure, which is a state agency of the Ukrainian government responsible for the development of the panel and timber industry, believe that a second asset in Ukraine will provide a big competitive advantage to Kronospan over the other major competitors in the Ukrainian panel market. That could be mainly explained by the fact, that, unlike particleboard, which is currently produced by about five or six factories in Ukraine, the Korosten factory mainly specialises in operations in the MDF segment of the industry, which is a relatively new niche in the Ukrainian panel market.<\/p>\n

Currently the Korosten plant, which was built during 2009-10, specializes in the production of MDF and has the capacity to produce about 300,000m3 annually. It also produces laminate with a capacity of six million m3 per year.\u00a0The factory\u2019s flagship brand is Rezult. In addition to Kronospan, the acquisition of the Korosten factory is being considered by some other panel majors operating in Ukraine.<\/p>\n

According to WBPI, prior to 2010, the majority of MDF was imported to Ukraine from Poland, Turkey and Russia. However, the commissioning of the Korosten plant in 2010 resulted in the the first supplies of local products to the major Ukrainian MDF consumers, at prices significantly lower when compared to those imported from abroad.<\/p>\n

Among the other advantages of the Korosten plant is its location within the boundaries of the Zhytomyr region in western Ukraine, which is known for its forests and rich raw material base.\u00a0In addition, the factory is located close to the Korosten Junction railway station, which is important in terms of logistics, ensuring regular supplies of the factory\u2019s products to various regions of Ukraine; and outside the country.<\/p>\n

There is a possibility, after the acquisition, that in addition to panels, the factory will be used for the manufacture of high-value added products, particularly furniture.\u00a0As part of these plans, the establishment of the Zhytomir Furniture factory, based on Korosten, has been completed.<\/p>\n

In the case of Kronospan, to date, the scale of its activities in Ukraine has been significantly smaller than in neighbouring Russia and Belarus.<\/p>\n

This is mainly due to the recent political and economic turmoil in Ukraine, which made further investments in the Ukrainian panel and timber industries too risky for foreign businesses.<\/p>\n

However, in recent years, the situation in the Ukrainian economy has significantly improved.<\/p>\n

According to analysts at the Ukrainian Ministry of Infrastructrure, since 2012 the investment climate in the country\u2019s panel industry has changed for the better. In fact, the majority of investment projects in panels have been suspended in Ukraine as far back as 2012-13 and have not resumed yet.<\/p>\n

Ukraine has good conditions for the development of its domestic panel production as the country is fully provided with a forest to European standards and has rich reserves of hardwoods (primarily beech and oak), WBPI reported.<\/p>\n

From its side, the government has already promised investors in panels that it will provide all the necessary support for the implementation of their projects.\u00a0That could be in the form of exemption from taxes and other mandatory payments.<\/p>\n

In the case of particleboard, currently about 80% of production imported to Ukraine is purchased by furniture makers, while the remaining 20% is mostly used in construction (most often in the manufacture of partitions and the roofs of houses).<\/p>\n

In recent years, the production of OSB has also grown in Ukraine, despite the fact that the volume of local consumption continues to be relatively small.<\/p>","protected":false},"excerpt":{"rendered":"

Wood panels producers worldwide consider speeding up the expansion on the market in Ukraine, through building their\u00a0own production facilities within the country, or the acquisition of existing players. As reported by Wood-based Panels International (WBPI),\u00a0panel makers from around the world … Continue reading →<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":61747,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4713,4716,4715],"tags":[3317,3337,3403,3890],"class_list":["post-76961","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-companies-in-the-timber-industry","category-latest-trends","category-market-analysis","tag-kronospan","tag-mdf","tag-ukraine","tag-wood-panels","topic-wood-based-panels","area-europe"],"acf":[],"yoast_head":"\nKronospan buys MDF company in Ukraine - TIN<\/title>\n<meta name=\"description\" content=\"Wood panels producers worldwide consider the expansion on the market in Ukraine, through building their\u00a0own production facilities within the country\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.timberindustrynews.com\/ro\/kronospan-plans-to-buy-mdf-company-in-ukraine\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kronospan buys MDF company in Ukraine - 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