GERMANY - Homanit GmbH & Co KG, a subsidiary of Homann Holzwerkstoffe GmbH and a leading European supplier of thin, high-quality finished medium-density (MDF) and high-density (HDF) fibreboards, announced extensive investments in its site in Losheim am See (Germany).

The planned investments include a new fibreboard press as well as further accompanying measures for the finishing of fibreboards in the total amount of EUR 65 million.

"Long-serving employees with excellent know-how work at our site in Losheim am See," says Fritz Homann, Managing Director of Homann Holzwerkstoffe. "The investment decision clearly reflects our commitment to the location and will help secure the existing jobs in the long term. The investment, which comprises not only a new production line but also exhaust air purification technology, demonstrates our ambitions in the area of sustainable and climate-friendly production."

The geostrategic location of the plant was one of the key factors for the comprehensive investments. The Losheim am See plant, which primarily serves the doors industry, benefits from a good supply of raw materials, as it cooperates with regional and sustainable forestry operations and maintains long-term relationships with its suppliers. To further benefit from the advantages of the location and to ensure a sustainable value chain, the company is currently also pushing ahead with the reactivation of the existing track system.

Initial preparations for the modernization are already underway. The aim is to start production in two years' time. The extensive replacement investments promise state-of-the-art technology at the Saarland site and hold the potential for an expansion of production capacity, while at the same time reducing emissions thanks to an energy-efficient production process.