Tarkett Forms JV with Chilean Company

Frankenthal, Germany, April 6—-Tarkett, the German manufacturer of flooring, has formed a joint venture with Chilean wood panel company Aconcagua Timber for U.S. production of wood panels and laminate flooring for the North and South American markets, which are growing rapidly. The plans mean that Tarkett will now have at its disposal an entire production chain for laminate products in the Americas. Over the next few years, the two companies intend to invest about 140m euros in the joint venture. Owned 50% by each partner, the joint venture will include in a first stage an existing wood panel factory of Aconcagua located in Clarion, Pennsylvania, to be extended in a second stage, to also produce laminate floorings and MDF mouldings. By combining their expertise, respectively in the wood panel industry for Aconcagua and in the flooring industry for Tarkett, the two partners will operate jointly on the fast growing North and South American laminate markets.

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