Homann
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Homann Holzwerkstoffe acquires stake in Egyptian wood-based panel producer
Homann Holzwerkstoffe GmbH acquired a qualified minority stake in wood-based panel producer Nile Wood SAE, based in Sadat, Egypt, through a holding interest in Global MDF. As part of a joint venture with Egypt Kuwait Holding S.A.E. (EKH), which is listed on the Egyptian and Kuwaitistock exchanges, Homann Holzwerkstoffe is thus entering the fast-growing African and Middle East market. Egypt alone, with a population of around 105 million, offers considerable sales potential for the products of Nile Wood SAE. A subsidiary of EKH, Nile Wood SAE focuses on medium-density fibreboards (MDF) and has built up a high-end plant including CPS+ continuous press, chipper line, dryer and classifier, gluing, moulding station and moulding line, finishing and raw board storage as well as sanding and sawing line. Production is scheduled to start in 4Q 2022 and reach an anticipated capacity of... Continue reading
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May 19, 2022
Homann Holzwerkstoffe acquires stake in Egyptian wood-based panel producer
Homann Holzwerkstoffe GmbH acquired a qualified minority stake in wood-based panel producer Nile Wood SAE, based in Sadat, Egypt, through a holding interest in Global MDF. As part of a joint venture with Egypt Kuwait Holding S.A.E. (EKH), which is listed on the Egyptian and Kuwaitistock exchanges, Homann Holzwerkstoffe is thus entering the fast-growing African and Middle East market. Egypt alone, with a population of around 105 million, offers considerable sales potential for the products of Nile Wood SAE. A subsidiary of EKH, Nile Wood SAE focuses on medium-density fibreboards (MDF) and has built up a high-end plant including CPS+ continuous press, chipper line, dryer and classifier, gluing, moulding station and moulding line, finishing and raw board storage as well as sanding and sawing line. Production is scheduled to start in 4Q 2022 and reach an anticipated capacity of... Continue reading
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May 19, 2022
Homann Holzwerkstoffe acquires stake in Egyptian wood-based panel producer
Homann Holzwerkstoffe GmbH acquired a qualified minority stake in wood-based panel producer Nile Wood SAE, based in Sadat, Egypt, through a holding interest in Global MDF. As part of a joint venture with Egypt Kuwait Holding S.A.E. (EKH), which is listed on the Egyptian and Kuwaitistock exchanges, Homann Holzwerkstoffe is thus entering the fast-growing African and Middle East market. Egypt alone, with a population of around 105 million, offers considerable sales potential for the products of Nile Wood SAE. A subsidiary of EKH, Nile Wood SAE focuses on medium-density fibreboards (MDF) and has built up a high-end plant including CPS+ continuous press, chipper line, dryer and classifier, gluing, moulding station and moulding line, finishing and raw board storage as well as sanding and sawing line. Production is scheduled to start in 4Q 2022 and reach an anticipated capacity of... Continue reading
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Homann Holzwerkstoffe acquires stake in Egyptian wood-based panel producer
Homann Holzwerkstoffe GmbH acquired a qualified minority stake in wood-based panel producer Nile Wood SAE, based in Sadat, Egypt, through a holding interest in Global MDF. As part of a joint venture with Egypt Kuwait Holding S.A.E. (EKH), which is listed on the Egyptian and Kuwaitistock exchanges, Homann Holzwerkstoffe is thus entering the fast-growing African and Middle East market. Egypt alone, with a population of around 105 million, offers considerable sales potential for the products of Nile Wood SAE. A subsidiary of EKH, Nile Wood SAE focuses on medium-density fibreboards (MDF) and has built up a high-end plant including CPS+ continuous press, chipper line, dryer and classifier, gluing, moulding station and moulding line, finishing and raw board storage as well as sanding and sawing line. Production is scheduled to start in 4Q 2022 and reach an anticipated capacity of... Continue reading