Kronospan believes 2010 will be a year of economic rebound

Kronospan Sebes, part of Austrian group Kronospan and one of the leading players on the wood processing market, expects a 714 million-RON (194.1 million-euro) turnover for this year, up 20% in RON against 2009. "We hope 2010 will be a year of economic rebound, although we are aware the first few months will be very difficult. We are relying on the fact that things will improve on the furniture market in the second half of the year, allowing us to return to the level of business recorded in 2008," Oana Bodea, communication manager within Kronospan Romania, told ZF Transilvania. The company reported 571 million RON (136 million euros) in sales last year, down 20% against the preceding year. In Sebes Kronospan produces particleboard and MDF (medium-density fibreboard), mainly used in the furniture industry.