TURKEY – Kastamonu Entegre based in Turkey, purchased Gruppo Trombini, the third largest particleboard manufacturer in Italy, founded in 1962 at Ravenna in the Northeast of Italy which operated two particle board facilities, one at Pomposa with a capacity of 480 thousand cubic meters per year and another one at Frossasco with a capacity of 320 thousand cubic meters per year, making in total a annual capacity of 800 thousand cubic meters. Kastamonu Entegre, whose target is to get a 20% market share in Italy, will start running these facilities in year 2018.

Kastamonu Entegre’s CEO, Haluk Yildiz, who pointed out that the purchasing negotiations had started during the first quarter of year 2017, said: “We continue to increase our global scale production capacity. By having purchased the third big particleboard producer of Italy, we have added Italy to our investments in Romania, Bulgaria, Bosnia- Herzegovina and Russia. Hence, our foreign investments reached a total amount of 800 million Euro”.