Turkish panel manufacturer Yildiz Entegre has acquired a chipboard and MFC manufacturer.
The company has bought the entire share capital of Masstas, which has a 620m³ per day capacity for chipboard/MFC.
“We plan to increase the production capacity of the newly-acquired Masstas factory,” said Hakki Yildiz, member of the Yildiz Entegre board of directors.
“We are also speedily increasing our production capacity by adding new plants to our existing plants,” he said.
The group plans to commission an MDF plant at Mersin (capacity of 450,000m³) and a chipboard plant at Manisa during the first quarter of 2012.
