Homann Holzwerkstoffe GmbH acquired a qualified minority stake in wood-based panel producer Nile Wood SAE, based in Sadat, Egypt, through a holding interest in Global MDF. As part of a joint venture with Egypt Kuwait Holding S.A.E. (EKH), which is listed on the Egyptian and Kuwaitistock exchanges, Homann Holzwerkstoffe is thus entering the fast-growing African and Middle East market. Egypt alone, with a population of around 105 million, offers considerable sales potential for the products of Nile Wood SAE.<\/p>\n
A subsidiary of EKH, Nile Wood SAE focuses on medium-density fibreboards (MDF) and has built up a high-end plant including CPS+ continuous press, chipper line, dryer and classifier, gluing, moulding station and moulding line, finishing and raw board storage as well as sanding and sawing line. Production is scheduled to start in 4Q 2022 and reach an anticipated capacity of 200,000 cubic metres under full load.<\/p>\n
Also part of the joint venture between Homann Holzwerkstoffe and EKH are two subsidiaries of Global MDF Holding, which are involved in the supply of raw materials. For instance, one operating subsidiary has its own Sesbania wood stocks. Thus, the subsidiaries give access to the critical raw material in fibreboard production. EKH additionally owns a subsidiary engaged in the production of petrochemicals which ensures access to glue, another important material.<\/p>\n
Headquartered in Munich, Homann Holzwerkstoffe GmbH is a leading supplier of thin, high-quality finished medium-density and high-density fibreboards (MDF\/HDF).<\/p>","protected":false},"excerpt":{"rendered":"
Homann Holzwerkstoffe GmbH acquired a qualified minority stake in wood-based panel producer Nile Wood SAE, based in Sadat, Egypt, through a holding interest in Global MDF. As part of a joint venture with Egypt Kuwait Holding S.A.E. (EKH), which is … Continue reading