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Sales of Barlinek Group floorboard fell in 6 times: decided to close

Of Barlinek Group floorboard fell in 6

This year Barlinek Group decided to close the wood processing plant, which is located in Kosiv (Zakarpatsk region.). The reason for this was the low profitability, despite the changes in the production processes. Over the last nine months, sales of the plant decreased by almost 6 times and now stands at 0,432 million PLN. Net loss also decreased by almost 2 times - up to 0.401 million PLN.

At the plant in Kosiv the middle layer for the main product of Ukrainian plant of Barlinek Group is produced. In the plant in Vinnitsa three-layer parquet boards and fuel briquettes are produced. Now blanks are produced by another company because it is more beneficial from an economic standpoint.

Let us remind that Barlinek Group - is Polish company that produces parquet, which has factories in Romania, Poland and Ukraine. A product that is produced in their factories is exported to 46 countries. During the first 9 months of this year the group sales increased by 2.8% and now is equal to 120.26 million EUR, which reduced the net loss in almost 3 times – up to 2.34 million EUR.

European Bank of Reconstruction and Development in 2007 helped Barlinek Group to open the floorboard plant in Vinnitsa, the cost of which is $75 million, while the power is 2 million m2 units /year.

If the company is closed, the building, the land and all the equipment will be sold, but are likely to leave the company at a loss due to the depreciation of the property. Currently assets are estimated at 23.55 million PLN ($ 7.5 million), which is on 13 million PLN less than at the beginning of this year.

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Views: 1981 Added: 02-12-2013