Brussels, Belgium — Building work for the new factory in Finland is progressing on schedule, said Recticel. The company plans to start production in the fourth quarter of 2018.
By 2019, the new plant will drive sales growth in Scandinavia, the Baltic States and Russia, Recticel said.
The announcement came after the manufacturer’s financial results for 2017 were revealed. Recticel’s combined sales rose by 8.4% to about €1.461 billion, and its recurring earnings before interest, taxes, depreciation and amortization (REBITDA) was up 8% to €105.5 million, according to data from the group.
