EGGER acquires Masisa plant in Concordia, Argentina. EGGER thus continues expanding its international presence and will be represented for the first time with a production site outside Europe, as the company says in the press release received by Lesprom Network.
In addition to the plant and its sales, EGGER will also operate the distribution network Masisa Placacentro in Argentina, maintained independently by 42 partners. EGGER will take over the approximately 500 employees of Masisa in Argentina and offer them a clear future.
With a market share of 35%, Masisa is the number 2 in Argentina, with Masisa Argentina posting turnover of $131 million in 2016. The plant in Concordia has facilities for the production and lamination of chipboard and MDF boards. In 2016, it recorded production capacities of 165,000 cubic meters chipboard, 280,000 cubic meters MDF boards and 274,000 cubic meters lamination.
