Homanit, a leading manufacturer of medium-density (MDF) and high-density (HDF) wood fibreboards from Germany, has announced building a plant in the Vilnius region. The company is expecting to around 100 million euro and hire 440 employees in the first five years of operations.
The company explains its decision to build a production plant in Lithuania by the growing demand from local manufacturers, which Homanit already supplies from two plants in Poland.
“Lithuania, as well as Poland, are major suppliers for IKEA. In the next two years, the Lithuanian furniture cluster expects new investments of over 300 million EUR,” Andrius Ostrauskas, CEO of Homanit Lietuva, explains. “Transport costs from Poland have been taking their toll on the bottom line of the manufacturers, and our strategically placed new plant will solve this issue. Half of the production will be dedicated to satisfying the demand of local manufacturers, while the other half will supplied to clients in places as far away as North America and the Far East.”
The company produces medium-density (MDF) and high-density (HDF) wood fibreboards. The company’s clients include major furniture, door and flooring manufacturers. Homanit is regarded on the market for custom solutions, as it is able provide a wide variety of colouring schemes and shapes.