Egger
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Egger: Demand significantly lower, outlook uncertain
The Egger Group closed the first half of its 2022/2023 financial year (reporting date 31 October 2022) with consolidated sales of Euro 2.26 billion (+14.0% as compared to the previous year). However, the highly volatile general conditions are also a challenge for the wood-based materials manufacturer: it is forced to register a noticeable decline in demand. The first half of the 2022/23 financial year was marked by a multitude of crises and uncertainties, both economically and politically. Thomas Leissing, CFO of Egger Group, said: "The very strong results of the previous year are due to the extremely high demand following the cocooning effect that resulted from the Corona crisis, and can therefore be classified as exceptional. This boom in demand has noticeably decreased since spring 2022. In the meantime, we are seeing a decline in demand in almost all markets. At the same time,... Continue reading
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December 26, 2022
Egger: Demand significantly lower, outlook uncertain
The Egger Group closed the first half of its 2022/2023 financial year (reporting date 31 October 2022) with consolidated sales of Euro 2.26 billion (+14.0% as compared to the previous year). However, the highly volatile general conditions are also a challenge for the wood-based materials manufacturer: it is forced to register a noticeable decline in demand. The first half of the 2022/23 financial year was marked by a multitude of crises and uncertainties, both economically and politically. Thomas Leissing, CFO of Egger Group, said: "The very strong results of the previous year are due to the extremely high demand following the cocooning effect that resulted from the Corona crisis, and can therefore be classified as exceptional. This boom in demand has noticeably decreased since spring 2022. In the meantime, we are seeing a decline in demand in almost all markets. At the same time,... Continue reading
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December 6, 2021
Egger to expand production in North America
Egger Wood Products announced that it intends to invest $50 million in additional equipment for its Davidson County, North Carolina facility. Eggers has 20 plants worldwide, but the plant located in Linwood, NC is its first North American facility. The new $20 million lamination line, which will be the third located in the plant, is scheduled for completion by the end of 2022 and will increase the plant’s thermally-fused laminate production capacity by 50%. Installation of the $30-million recycling facilities will begin in the second half of 2022, with completion projected for early 2023. “This facility was created with the intention of adding a third and fourth lamination line as market demand increased,” Carsten Ritterbach, plant manager for commercial services, said in a news release. “In light of the supply chain disruptions experienced around the world this year,... Continue reading
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September 28, 2020
Egger begins operations at its first U.S. manufacturing plant in Lexington
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September 11, 2020
EGGER marks key production milestone at new manufacturing plant in Lexington
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March 20, 2018
Egger plans to start construction on its wood-based material factory in the US at the end of 2018
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February 25, 2014
EGGER wants to expand particleboard production in Gagarin
In 2011, the Austrian panel manufacturer EGGER acquired the Russian particleboard manufacturer “OOO Gagarinskiy Fanerniy Zavod” in Gagarin. Last weeek, the Russian media reported that EGGER will invest approximately 1 billion rubles (EUR 20,4 million) in expanding its capacity at Gagarin. The investment project is called 'Production of veneered particleboard (CT 4)', and consists in the construction of new production areas, procurement and installation of equipment. The plant will create 25 new jobs. Gagarin, situated 150 km west of Moscow, has a raw particleboard production of 500,000 m³ capacity and an upgrading capacity of 20 mill. m² per year. Gagarin also has a forestry operation with 80,000... Continue reading
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October 26, 2017
Interview with Thomas Leissing on Egger Group’s future development in South America
Following the announcement made by the Austrian company Egger Group about the acquire of the industrial assets of Masisa Argentina, Thomas Leissing, spokesman for the group's board of directors, presented back in August in the City of Buenos Aires, the plans that the company developed for the domestic market and the projection of its operations within Latin America. Leissing also confirmed that Egger Argentina started its activity October 1, becoming the group's first subsidiary outside Europe. During the meeting in August, Leissing outmarked the expectations the company has once with their arrival to Argentina and highlighted the professional and human quality they observe in the management team. Throughout the meeting, the manager talked about the investment plans for the Concordia plant in order to adapt it to Egger's production and quality standards; he also said... Continue reading
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December 26, 2022
Egger: Demand significantly lower, outlook uncertain
The Egger Group closed the first half of its 2022/2023 financial year (reporting date 31 October 2022) with consolidated sales of Euro 2.26 billion (+14.0% as compared to the previous year). However, the highly volatile general conditions are also a challenge for the wood-based materials manufacturer: it is forced to register a noticeable decline in demand. The first half of the 2022/23 financial year was marked by a multitude of crises and uncertainties, both economically and politically. Thomas Leissing, CFO of Egger Group, said: "The very strong results of the previous year are due to the extremely high demand following the cocooning effect that resulted from the Corona crisis, and can therefore be classified as exceptional. This boom in demand has noticeably decreased since spring 2022. In the meantime, we are seeing a decline in demand in almost all markets. At the same time,... Continue reading