Sonae Indústria plans to expand its MDF capacity in South Africa. As the two CEOs, Rui Correia and João Paulo Pinto, announced earlier this week, the company has initiated investments to expand MDF-production in this "promising market" by 50% until the middle of next year. In the upcoming two years production capacity is to be more than doubled.

In the third Quarter, Sonae's revenue grew by 6%. However, the result was affected by a deterioration in the dilution of fixed costs, resulting from seasonal shutdowns and lower capacity utilization. Profit before tax (EBITDA) for the third Quarter was at € 26 million.