AEG announces that 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.