Turkish Kastamonu started delivery of its products from the plant in the Alabuga Special Investment Zone in Tatarstan to Iran. Director General Ali Kilic said so to the TASS reporter.
“In the years to come, we intend not just to increase the production at our Alabuga plant, but also to increase the proportion of exports from today’s 30% to 40-45%”, the businessman added.
Turkish Kastamonu will build the third set of the largest Russian wood processing plant producing MDF sheets in Tatarstan. The construction will start after the existing production lines reach the project capacity, Director General of the Kastamonu in Russia Ali Kilic said to the TASS reporter.
Turkish company Kastamonu launches the second stage of the plant for the furniture panels production in Russia by autumn 2016, the equipment is currently operating in test mode. The full capacity of the new plant is 485 thousand cubic meters of MDF wood fibreboards per year, the total scope of investments is 130 million euros.
After the second line commissioning activities the total scope of investments in production will be 400 million euros.
The Turkish company Kastamonu has completed the construction of the second phase of its MDF fibreboard production facility in Tatarstan. The new factory will produce 450,000 cubic metres of fibreboard per year. According to Kastamonu representative Damir Akhmadullin, who was speaking at the Woodworking exhibition, once the new production line is launched, the company will be able to put out more than 1 million cubic metres of MDF fibreboard per year.
“Commissioning work will soon be complete, and production will start in early 2016. The launch of the second phase will allow us to produce another 450,000 cubic metres of MDF fibreboard per year, in addition to the 575,000 cubic metres we currently produce,” Akhmadullin commented.
Kastamonu marketing expert Arina Bondareva confirmed that around $250 million had been invested in the second phase of the factory. The company has invested a total of $600 million on the development of the production facility in Tatarstan.
Kastamonu was founded in 1969 and is part of Hayat Holding. It has factories in Turkey, Romania, Bulgaria, Bosnia and Herzegovina and Russia. The company produces 4.55 million cubic metres of wood boards per year. Kastamonu is one of the five leading wood processing companies in Europe, with a turnover of $1.4 billion in 2014.
In the spring of 2014, the company launched the first phase of its factory for the production of MDF fibreboard and laminated floor coverings in Tatarstan’s Alabuga Special Economic Zone.
KASTAMONU laid the foundation stone of a woodworking plant in the Kaluga Region’s Lyudinovo Special Economic Zone on 28 May. The ceremony was attended by representatives of the Russian and Turkish governments, the governor of the Kaluga Region, leading industry experts and representatives of major Russian and Turkish businesses.
A total of USD 200 million has been invested in the plant, which is located on a 70-hectare site. Once the plant reaches its projected capacity, it will produce some 1.8 million cubic metres of wood board products per year (medium-density fibreboard, particle board, oriented standard board, laminated flooring). Approximately 75% of the products manufactured are to be sold in Russia, while the remaining 25% will be exported to Asia and Europe. More than 450 jobs are to be created.
The KASTAMONU woodworking plant in the Lyudinovo Special Economic Zone is expected to become one of the largest in Europe.
KASTAMONU Vice President Onur Guven said the company is planning to take a major step forward and claim leading positions in the global woodworking industry. “Russia will become the only country where KASTAMONU will have two powerful production facilities outside of Turkey. The decision to start construction on another woodworking plant here in the Kaluga Region was based on the geographic and logistic features of the region. Favourable infrastructural and economic conditions have been created here to implement the new investment project for the production of wood boards”, Guven said.
Hayat Holding Deputy Chairman Mehmet Avni Kigili noted that the Hayat Holding is one of the largest companies in Turkey. The company had turnover of USD 3 billion in 2014, has 22 enterprises and supplies products to 100 countries. “I am confident that we are making a significant contribution to the development of cooperation between Russia and Turkey. Our project is confirmation of this … Special thanks goes to the Kaluga Region governor for the support that he has provided from the very first steps of this project’s implementation”, Kigili said.
The Turkish company Kastamonu will build a wood-based panel plant in Lyudinovo SEZ. Construction of the plant will begin on May 28th, 2015.
According to the company’s press service, the Kaluga plant will be on par with the Kastamonu plant in Alabuga SEZ (Tatarstan), which was launched in 2014, in terms of both production indicators and cumulative investment. About USD 600 million was invested in the launch of the Turkish plant in Tatarstan.
“Effective cooperation between Russia and Turkey in the economic sphere has already enabled the successful implementation of a number of Kastamonu projects in the Republic of Tatarstan, which served as impetus for the company’s further investments in Russia,” the press service stated.
“Russia will become the only country where Kastamonu will have two major sites outside of Turkey,” the press office quotes the Vice President Onur Guven.
Kastamonu is part of Hayat and has plants in Turkey, Romania, Bulgaria, Bosnia and Herzegovina, Russia. In total, this amounts to about 4 million square meters of open-air and 0.9 million square meters of covered production space. The company specializes in the manufacture of MDF, particle boards, laminated flooring, door skins and furniture panels. Annual production of wood boards amounts to over 4.5 million cubic meters. The company’s turnover in 2014 amounted to USD 1.4 billion.
The Lyudinovo industrial special economic zone was established in the Lyudinovo District, Kaluga Region in 2012. A 237 ha area is currently being used by Agro-Invest to implement a project on the establishment of the largest greenhouse site for growing vegetables in the Central Federal District. Before the end of the year, four more residents will join the southern area of the SEZ. Over 30 companies are currently in the negotiation stage.
Company's website: www.kastamonuentegre.com.tr
Contact: Haluk YILDIZ, President Hayat Holding Wood Group
KASTAMONU was founded in 1969 as part of the Hayat Holding. At present, it has eight plants in Turkey as well as plants in Romania, Bulgaria, Bosnia and Herzegovina and recently in Russia. The company controls roughly a third of the woodworking industry market in the region.