Valutec continued to grow last year. During 2018, the group had a total turnover of Euro 43 million, a new record and an increase of 46% from last year's Euro 29.4 million, as the company said in the press release received by Lesprom Network.
Exports accounted for 75% of turnover and for the first time in Valutec's history Central Europe was the largest market, followed by Sweden and Finland. Successes on the world market have strengthened Valutec's position as world leader in lumber drying.
"This is long-term work that has yielded results. We are growing in Europe, Russia and North America. One reason is that the TC continuous kilns we developed are suitable for sawmills around the world, thanks to their high capacity and flexibility,” says Robert Larsson, CEO of Valutec.
TC continuous kilns were also the drying model that accounted for the largest part of Valutec's turnover in 2018 with deliveries to all major sawmilling countries.
The wood market is expected to slow down during 2019, but Valutec still looks forward to a good year, thanks in part to a strong existing order backlog.
Valutec consists of a Swedish parent company with subsidiaries in Finland, Russia and Canada.
