AN INVESTMENT OF 70 MILLION EURO BY ÇAMSAN ORDU AS TURKEY’S FIRST DOMESTIC MANUFACTURER OF MDF

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Çamsan Ordu will start the MDF Production Facility with an additional employment of 100 people in the first quarter of 2021, which has an investment of 70 million Euros.

Having broken grounds in its sector since 1984, Çamsan Ordu continues its investments without slowing down and also believing that economic growth depends on production and exports. The new investment of 70 million Euros of Çamsan Ordu refers also an additional employment for 100 people.

Stating that the MDF3 facility, which will produce in an environmental-friendly way, will increase Çamsan Ordu‘s production capacity by two and a half times and its export capacity by three times, Hakan Poyraz, Chairman of the Board at Çamsan Ordu corporation, continued his words as follows:

“We believe that the welfare level and economic growth in our country can be achieved through production and exports. When we looked at the second half of 2018, we saw a serious fluctuation in almost all sectors. As a result of these fluctuations, companies either postponed or canceled their investments. As Çamsan Ordu, we made serious evaluations and we decided to continue our investment we planned in the last two years due to our belief in our country. By reaching an agreement with the German company Dieffenbacher, we accelerated our work for the new MDF facility with a total amount of 70 million Euros. With this new investment, we aim to increase our product range and bring a new environmental-friendly MDF production facility equipped with the latest technology for our country.”

The size of the wood panel market will increase to 230 billion dollars in 2026

 “While the size of the wood panel market was 154 billion dollars in 2020, this amount will increase to 230 billion dollars in 2026. The sector is growing very fast, especially in Asia. From current reports, we follow that the demand for MDF is increasing rapidly in North America and Europe. Thanks to our investment In Turkey, we will also grow our share in global markets.”