Singapore, China, January 26, 2006--Asia Dekor Holdings Limited, which claims the title of the only vertically integrated producer and distributor of laminated floor and related products in Asia, announced the completion of its particleboard production plant in Huizhou, Guangdong Province, China.
With a total investment of approximately US $30 million, the new plant is reportedly the most advanced and largest production facility of particleboards in China.
With a designed annual capacity of 200,000 cubic metres, the plant was built over 15 months using state-of-art German technology. The particleboard facility is strategically located in Huizhou, Guangdong, which is known as China's largest furniture production region, with Dongguan and Shenzhen being the leading markets.
The commencement of production of particleboard signifies a milestone of Asia Dekor's strategy of business diversification and broadening the range of its products. Mr. Liu Gongting, chairman of Asia Dekor, said: "We are pleased to see the completion of our new plant in Huizhou. With this new production capability, we are set to capture a share of the lucrative furniture raw materials market, where demand of quality particleboards is high and supply is lacking. We are of the view that this new line of production perfectly compliments our existing floorboard business, and we are confident that this new revenue stream will make a significant contribution to Asia Dekor in the years to come."
Management expects that commissioning of the plant will continue until the end of February and commercial production will be set to begin in March of this year.
Asia Dekor Holdings Limited was established in 1994 and listed on the Singapore Stock Exchange in November 1999. An industry leader, Asia Dekor is vertically integrated in the design, manufacture and sales and distribution of laminated wood flooring, particleboards and related panel products. With the completion of the new particleboard factory in 2006, the Group now has three production facilities in China, located in Shenzhen, Heyuan and Huizhou, with an annual production capacity of 16 million square metres laminated floors, 200,000 cubic metres fibreboards, and 200,000 cubic metres particleboards, respectively.
Asia Dekor, through a joint venture, has a network with over 1,500 exclusive distribution outlets throughout China. "Power Dekor," the flagship product of the Asia Dekor, is the most recognized brand name in China's wood flooring market.
