Danzer closes its business year with a considerable increase in sales of 9.5 percent compared to the previous year. In addition to the acquisition of the modern veneer splicing plant in Raspenava, Czech Republic, Danzer significantly grew its business with deck layers for hardwood flooring.
Consequently, the capacities for this business segment will be increased further. In contrast, the demand for logs in China has decreased in line with the economic development there. The general trend: Oak and walnut still dominate the furniture sector.
“Especially in the sector of our deck layers for hardwood flooring the demand increased – like in the previous years – significantly. Since we have started our flooring activities in the year 2012, we have continuously increased our capacities in this sector and that is what we are going to do in the future. In line with our strategy we will continue to invest in the production of deck layers in the next years”, says Hans-Joachim Danzer, Chief Executive Officer of the Danzer Holding AG.
The planned investments of 15 million Euros will be used to expand and upgrade plants in France and in the Czech Republic. In 2016 the production of deck layers will also start at Danzer plants in the USA.
Demand for logs in China weaker
“Furthermore, with the acquisition of the Czech splicing company Raspenava we can now offer our European customers both veneers and spliced faces. The plant can meet flexibly smaller, customer specific requests and is an expert in splicing thick-cut veneers”, says Danzer regarding this investments and comments further: “In China, the demand for logs declined with the overall cooling off of the economy.” The share of sales of North American wood has increased in 2015 – to 46 percent (from 44 percent in the year 2014). European wood still adds 24 percent to the overall Danzer sales. The share of sales of African wood has decreased to 29 percent (from 32 percent in the year 2014).
Unchanged trend 2015: Oak and walnut for the furniture sector
Danzer achieved approximately 41.4 percent of its sales with lumber, followed by veneer with 36.5 percent, logs with 9.7 percent and specialty products and custom solutions, e.g. 3D-Veneer with 12.4 percent. “In the furniture sector oak and walnut are still the dominating species. For flooring there is a slight trend towards species in a more clean and less rustic look, although European Oak still is the dominating species”, Danzer adds with regard to current trends.
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