Companies in the timber industry / Daily News / Global Trends / Wood Products / Wood-based panels / Europe / Global
January 28, 2019
Swiss Krono to invest in a new OSB plant in Sharya, Russia
Swiss Krono Group, based in Lucerne, Switzerland, increased its consolidated gross revenue by more than 11% to reach CHF 2 billion ($$ 2 billion) in the financial year ended September 30, 2018. This represents more than 7% revenue growth in local currency compared with the previous year. A buoyant construction industry brought more than 18% revenue growth (in local currency) for OSB panels in the Building Materials division (revenue share 32%). The Interiors division (furniture panels, revenue share 27%) also generated, gratifyingly, 11% growth, thanks to the launch of two new chipboard lines in the Group’s ...
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