Kastamonu to increase laminate exports to Baltic countries
Kastamonu, Russia’s leading wood products manufacturer, will increase its presence in the Baltics. In 2021, it plans to boost its laminate flooring exports to Lithuania.
In 2020, Kastamonu held a 5 per cent share of the Lithuanian laminate flooring market. This was achieved through cooperation with two major DIY chains: Depo (8 stores in Latvia and 5 in Lithuania) and Ehituse ABC (12 stores in Estonia). The specifics of the flooring market in the Baltic countries are such that products supplied by one retail chain often end up on sale in neighbouring countries as well. Despite the strong competitive environment, Kastamonu anticipates it will take up approximately 10 per cent of the market this year.
All the Kastamonu flooring brands are already present in the region and there is high demand for the company’s products.
In 2021, the company has begun working with another major Lithuanian retail chain, SKV (24 stores), and it is expected to increase its market share to 18 per cent by the end of the year.
Apart from this in 2021, Kastamonu began co-operation with Komfort, one of the biggest flooring retail chains in Poland, which has 157 stores.
The Kastamonu MDF, HDF, and laminate flooring plant has been operating in Tatarstan since 2014. The company produces laminate boards of wear-resistance class 31 to 33 and various types of MDF boards, including moisture-resistant ones.