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Kronospan to invest €200 million in Ukrainian site

Article by Jakob Wassermann (adapted for holzkurier.com; translated by Eva Guzely) | 06.12.2024 - 09:16

Wood products manufacturer Kronospan will invest €200 million in a new OSB production line at its factory in the town of Rivne in Western Ukraine. 60% of the production output is to be exported to the EU and the US.

In recent years, Kronospan has invested around €1 billion in its two Ukrainian production sites, €560 million of which in the factory in Rivne where 800 people are employed.

In addition, Kronospan launched steps to create an industrial park, as The Odessa Journal reports. Plans also include the creation of a furniture cluster around the production site. Kronospan has reportedly invested €47 million in preparatory work and infrastructure for the industrial park, €34 million of which since the start of the war.

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