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. A subsidiary of EKH, Nile Wood SAE focuses on medium-density fibreboards (MDF ...
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