With the aim of a strategic expansion of the location, Homann Holzwerkstoffe GmbH signed a contract for the acquisition of 77 ha of industrial land near Vilnius, Lithuania, in October.
Like the Group's existing plants, the new plant will produce the HDF product range as well as MDF boards up to 22 mm. In addition to the raw board plant, extensive finishing facilities will also be built to guarantee the market the usual extensive Homanit product range. According to the current schedule, the plant is expected to go into operation in 2022.
Fritz Homann, Managing Director of Homann Holzwerkstoffe GmbH: "Due to the coronavirus pandemic, we had temporarily postponed our investment plans. We are all the more pleased that we were able to get through the difficult months after the outbreak of the crisis in spring with less short-time work than expected and without job cuts, and that we can now continue our expansion plans with the establishment of our fourth location in Europe".
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