German sawmilling giant Klausner Group says it has managed to break into new markets after withdrawing most of its trade with the US.
The company, which was the subject of German press speculation about its financial health earlier this year, said it was set to move forward in the coming years on a strong financial footing.
Klausner, which has five sawmills, said its investment and business partners, including consultants, were working with the company to take advantage of international market opportunities.
The Middle East, North Africa and the Far East represent new markets for Klausner, with construction softwood products being supplied in a range of different sizes, rather than just standard CLS.
“This development has greatly reduced the significance of the US markets,” it said.
Klausner, whose mills were designed primarily to serve the US market, said its American softwood shipments were down to just a quarter of their previous levels.
“Klausner is working more intensely on strengthening its position in the European markets and has identified potential for continued growth. In the past few months, for example, the company was able to further increase its sales in Germany.”
The group is attending UK building products show Interbuild in October as a signal of its intentions to develop business partnerships in the UK market.
