The planned site will house the production of plywood with an estimated 100 million euros worth of investments in the project.
On January 5, two new Kronospan subisidiaries were registered: Kronospan FLLC and LLC Ultra Ply. Kronospan NT LLC is said to be responsible for the production of MDF / HDF, laminate flooring, painted HDF and other wood products, whereas the other subsidiary is going to build the plant.