The Holzindustrie Schweighofer Group, one of Europe’s leading wood processing companies, will become the HS Timber Group. Going forward, the Group’s production units – its three sawmills and one solid wood panels factory in Romania (Sebeș, Rădăuți, Reci, Siret) plus the German sawmill (Kodersdorf) – will be operated under the name HS Timber Productions. The Romanian blockboard factory in Comănești will go by the name HS Baco Panels.
The name of the Group should be easy for people of other nationalities to understand and pronounce.
The change in name will not affect the Group’s ownership structure, independence or organizational structure: the HS Timber Group and hence its subsidiaries, HS Timber Productions and HS Baco Panels, will remain under the umbrella of the Evergreen Private Foundation (formerly the Schweighofer Private Foundation). Gerald Schweighofer will continue to bring his know-how, management expertise and passion for wood to the Group.
The HS Timber Group has its roots in a traditional Austrian family-owned company with more than 400 years of experience in wood processing.
