Two Austrian companies call the shots on an over 100m-euro chipboard market

The two big producers of chipboard in Romania, Egger and Kronospan, have different strategies for 2010 and are gearing up to meet competition, with other players announcing investments.

The Romanian market has seen two big chipboard plants, held by Austrians at Egger and Kronospan, which clearly dominate the industry, developed over the last few years. They have a cumulated production capacity of 1.5 million cubic metres, which amounts to over 100-150 million euros.
An examination of the two companies' financial indicators for 2009 reveals that the two investors' businesses progressed differently. Egger, for instance, with an operational investment made in 2008, was on the rise, while main rival Kronospan, with several years' experience on the Romanian market, saw its turnover decline to around 548 million RON (130.5 million euros).