PDF, 3.2 MB - Pfleiderer AG

Consolidation in Germany.
Growth in Europe.
Pfleiderer Engineered Wood
is fitting its production
capacities to match growth
on international markets.
Business Segment Engineered Wood
Successful market consolidaton in Germany
Strategic Expansion of production portfolio to include MDF
Expansion of presence in growth markets of eastern Europe
Part of the Pfleiderer Group, the Business Segment Engineered Wood employs 3,475 people at
eight sites in Germany and Poland. Pfleiderer Engineered Wood is a leading manufacturer of
raw particleboard and surface-finished products in Europe. Its recent acquisition of a production
site for MDF (medium-density fiberboard) in Nidda on November 15, 2004 has closed a strategic
gap in its product portfolio. Pfleiderer Engineered Wood can now fully participate in this strongly
growing high-profit segment using its own production capacity in Germany. Overall, Pfleiderer
Engineered Wood reported sales in fiscal 2004 amounting to 758.9 million euros (2003: 715.9 million
euros).
Until mid-2004, the German market for engineered wood experienced intense competitive pressure,
lower prices and weakness within the furniture industry over the last three years. In the light
of this, the Group’s strategy has been to strengthen its independence from the domestic market
Sales by Region of Business Segment Engineered Wood
in % 2004 2003
Germany 43.5 46.6
Other EU countries 41.0 27.7
Rest of Europe 12.9 23.6
Other countries 2.6 2.1
30
Rest of Europe
Other
EU countries
Other countries
Germany