Pfleiderer Grajewo to expand into Balkans and further east

"We are interested in being present in the Balkan states and former Soviet republics. In terms of products, we are analyzing different concepts," said Pawel Wyrzykowski, president of Pfleiderer Grajewo. He admitted that one of the analyzed concepts envisages the production of floor panels. Currently, the company is carrying out an ambitious investment plan, according to which at the end of Q3 the company will launch the production of new MDF boards, while in April it will launch production of laminated boards in Russia. The company's revenues in Russia will amount to EUR 20 million in 2006, but these are to grow to EUR 80 million by 2008. The firm was the only bidder admitted to continue negotiations concerning the acquisition of a 43% stake in Prospan, in which it already holds the remaining shares. Pfleiderer Grajewo estimated its revenues at zl.1.15 billion, while net profit at zl.115 million in 2006. (Puls Biznesu, pp. 1, 11) M.M..