Turkish company Yildiz Entegre announced yesterday that it will open this Thursday a new wood processing plant in the village of Oarja, Arges county.

The investment totals EUR 150 million and will generate about 450 jobs.

The factory produces medium density fiberboard, a material used in the furniture industry and considered to be of higher quality than the chipboard. The company also plans to develop the production of doors and laminate flooring, at a later stage. The products will be sold both on the domestic and the foreign markets.

Yildiz Entegre is one of the biggest producers of wooden boards in the world, with a production capacity of more than 8,500 cubic meters per day. The company is based in the Turkish city of Kocaeli.

The furniture market of Romania was estimated at some EUR 700 million in 2015.

editor@romania-insider.com

(photo source: Yıldız Entegre on Facebook)