Kronospan Opens New OSB Production Line in Ukraine

Kronospan, one of the largest producers of particleboard (PB), laminated PB, oriented strand board (OSB), and countertops in Ukraine, has launched a new OSB production line in the Rivne region, The Odessa Journal reported (11-30-24).

The investment in the new facility amounted to €200 million (US$209.8 million), with approximately 60% of production set to be exported to the EU and the US.

In addition, Kronospan has initiated the creation of an industrial park. The concept is to form a furniture cluster around the wood panel production plant. The company has already invested €47 million (US$49.7 million) in the preparatory work and infrastructure for the industrial park, including €34 million (US$35.9 million) million during the war.

Ukraine’s First Deputy Prime Minister and Minister of Economy, Yulia Svyrydenko, was on hand for the opening ceremony and said:

“Kronospan is the largest European manufacturer of wood panels operating in Ukraine and continues to invest in new productions even during the war. This is an important example of timely and effective investment in Ukraine for both European and Ukrainian companies. The new production is also an example of investment in the processing industry, the growth of which is a key priority of economic policy.”