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News Pinskdrev boosts export to United States
In January-October 2009 Pinskdrev boosted its export to the United States 14 times to $500,000, it was learnt from Dmitry Kirikovich, aide to Pinskdrev’s director general for media relations. According to him, the upsurge was due to the increase in supplies of veneer and ply curve details after the company had been issued two certificates that confirm the compliance of Pinskdrev’s products with global standards (Carbohydrate requirements and IKEA IOS-MAT-0003 AA-10899-8). These certificates facilitate the export both to the USA and Europe. In January-September 2009 Pinskdrev expanded its export to Kazakhstan to $8 million (19.8% up on the same period 2008); Ukraine - to $3 million (31.1%), Lithuania - to $3 million (29%), Latvia – to $961,000 (300%), Estonia - $520,000 (470%), Slovakia – to $284 (250%), Turkey - $66,000 (240%). Pinskdrev is entering new markets. This year the company delivered first consignments to France, Sweden, Greece, Mongolia, Austria, Afghanistan, Great Britain and Finland. Today Pinskdrev sells into 34 countries. Furniture accounted for 51.2% of export, veneer and bent parts for 23.4%, matches for 10.4%, and chipboards for 10.3%. In January-October Pinskdrev reported $55 million of export sale. This is less than in the same period last year. The fall is due to the global economic recession. To make up for the losses, the company partially redirected the commodity flows to the domestic market. Pinskdrev Holding Company incorporates 33 independent subsidiaries including several joint upholstered furniture manufactures, joint ventures producing wood particle board, plywood, several upholstered furniture manufactures, a timber industry enterprise, a timber mill, a matches factory and others. Pinskdrev manufactures all kinds of household and office furniture, veneer, bent parts, matches, chipboard, construction and furniture veneer, and saw-timber. The company employs more than 6,000 people. Pinskdrev accounted for 22% of the output of the Bellesbumprom concern in H1 2009.
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