Danzer reported a minor decrease of sales in 2016

Danzer, a leading producer of decorative hardwood products, reported a minor decrease of sales in 2016. according to the announcement, the sales decreased to EUR 252 million from EUR 254 million, reported in 2015.

After a sales growth of 4 % in the first three quarters of 2016, a fire at Industrie Forestière d’Ousso (IFO), in the Republic of Congo in November brought production at the facility to a halt; subsequently, Danzer sales in the fourth quarter dropped by 10 % compared to Q4 2015.

Hans-Joachim Danzer, CEO of Danzer Holding AG, commented:

“The slicing process can save up to 50 % of the hardwood resource, compared to the traditional sawing process.

Throughout 2016, we have been operating at full capacity in Europe to the extent possible with the on-going investment projects at Danzer France in Souvans. We are continuing to invest in technologies that improve the use of the valuable hardwood resource. The conversion of our plant in Souvans to enable us to produce flooring deck layers also in France will be completed on plan, in summer 2017.”

Check other wood business-related companies 4Q2016 schedules for financial and operating results.

Earlier Danzer announced that Danzer and Interholco brands will operate independently from each other.

About Danzer:

The company is a leading quality hardwood supplier. It owns and manages forests sustainably and produces veneer, timber and innovative value-added wood products for decorative purposes. Danzer products are being used in high-quality furniture, automobiles, interior architecture and other applications. The company employs approximately 2,500 employees and services customers from 21 sales offices worldwide.

Source: Woodbizforum