world news - 12.11.2004
Hornitex MDF-plant sold
The MDF plant of Hornitex in Nidda/Gemnay is sold to Pfleiderer. The deal is expected to take legal effect from November 15, 2004. The take over is a so-called "assigned redevelopment" in which Pfleiderer is buying up assets of "Hornitex Werke Nidda Kunststoff— und Holzwerkstoffplatten GmbH & Co. KG" ("asset deal"). A contract to this effect was signed on November 10, 2004 with the official receiver of "Hornitex Werke Nidda Kunststoff— und Holzwerkstoffplatten GmbH & Co. KG", Dr. Dr. Werner Schreiber of the law firm Wellensiek Grub & Partners. The deal is subject to final approval by the creditors' committee of Hornitex Werke Nidda Kunststoff— und Holzwerkstoffplatten GmbH & Co. KG.
In taking over production of medium density fiberboard, Pfleiderer Engineered Wood is effectively rounding off its product portfolio, enabling it to supply customers with this carrier material from own production. At the Nidda site, around 180 employees produce an annual 130,000 cubic meters of MDF for the furniture industry and for use in interior design IHB Internationale Holzboerse GmbH
See also:
- — North American forest leaders to meet in Toronto on March 1-3, 2005
- — Barlinek Board —
- — Finnish Raute to supply timber-processing equipment worth EUR 4.8 million to China
- — European Softwood Conference
- — Czech Republic: First OSB-Plant
