KASTAMONU was awarded the honorary title of Reinvestor of the Year 2020Media
The world's leading manufacturer of the wood processing industry – the Turkish company Kastamonu became the winner in the category “Reinvestor of the Year 2020”. The announcement of results was held at the final meeting of Investors Club in the capital of Tatarstan, in the five-star hotel Kazan Palace by TASIGO.
Investors Club is an advisory body under the Investment Development Agency of the Republic of Tatarstan, which includes companies investing in the region's economy. Club members receive consulting and informational support from the Agency at all stages of investment projects, starting from idea development.
During its operation, Tatarstan-based Kastamonu invested more than 771.8 million US dollars in the region, which makes it the largest Turkish investor in the republic and the second among the residents of the Alabuga SEZ. In addition, thanks to the opening of the plant in the region, 930 jobs were created directly in the production, as well as 2,500 in related areas and service industries — logging, transportation, and furniture. The company is constantly developing, so in 2021 it is planned to expand production capacity and increase production volumes.
“A strong economy largely depends on stable business development. We have always tried to be self-sufficient. We have many projects that we plan to implement in our republic. I am sure that all of them will be implemented. Of course, many of these projects require new approaches. Despite all the difficulties, we will continue to support investors and businesses. Our well-being largely depends on your activities,” said President of the Republic of Tatarstan Rustam Minnikhanov.
“We are grateful to the region's leadership for the fruitful cooperation over the years. Thanks to the synergy of business and government, we can achieve tremendous results. On behalf of the company, we express our gratitude for awarding the honorary title of Reinvestor of the Year and thank you for your trust,” said Ali Kılıç, CEO of Kastamonu Russia.
Investment activity largely determines the well-being of regions. In Tatarstan, it is represented by an extensive infrastructure and a large number of companies from different countries. For 9 months of this year, the volume of private investments amounted to 336.5 billion rubles. The most active foreign investors were Germany, Turkey, the Netherlands and Finland.
“Kastamonu is the largest Europe's production site for the production of MDF boards. We regularly develop and increase production volumes, implementing an innovative approach and introducing advanced technologies. Despite a difficult year due to the pandemic, we continued to support the region, as investments in the Alabuga SEZ have always been one of the priority issues of our activities,” said Ali Kılıç, CEO of Kastamonu Russia.
The group of companies of Kastamonu Entegre was established in 1969 as a part of the Hayat holding. The company specializes in the manufacturing of MDF wood boards, particleboards, laminate flooring, door skin panels, and glossy panels. The consolidated turnover of Kastamonu Entegre amounts to €1.3 billion. The annual production of wood boards is 5 million m3, laminate flooring – 70 million m2.
Hayat Holding, which includes Kastamonu Entegre, was founded in 1937 and today consists of 41 companies in various business areas. Hayat unites brands such as Papia, Familia, Bingo, Molfix and many others
Kastamonu Entegre has 18 plants in 7 countries: Turkey, Russia, Italy, Romania, Bulgaria, Bosnia and Herzegovina, and the USA. The company ranks No. 7 internationally and No. 4 in Europe among the largest companies in the wood processing industry.