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AEG to invest in new softwood production line

Photo: AEG
Photo: AEG
Published by
Simon Matthis - 29 Jan 2016

AEG announces that its its  AEG  WoodFibre  division  has  secured two  signifcant  new  supply  contracts  for  2016 andthat  it  is investing  in  a new softwood  production  line  to  augment  its  recently upgraded  hardwood  processing  facilities.

The new softwood production line, which is planned to be operational by 2Q 2016, will substantially increase AEG WoodFibre’s manufacturing capacity and broaden its market offering, making it the only supplier in the Black Sea region to supply both of the key raw materials for MDF manufacturing from a single facility.

Richard Spinks, CEO of Active Energy Group Plc, said: “The success of AEG’s operational and executive team over the past three years in transforming the Group’s Ukrainian wood fibre business is confirmed by these significant new supply contracts.”

“The entire MDF industry now recognises that AEG WoodFibre is a leading force in the European wood fibre supply market that can be relied upon to consistently deliver bulk volumes of high-quality feedstock; demonstrated by our clients’ willingness to support the expansion of our manufacturing facilities to include softwood production.”

Active Energy Group Plc is a London Stock Exchange-listed firm operating internationally across the entire timber supply chain - from forest to factory and fuel.