Profitability of UK wood-based panels producers declines amid challenging economic conditions

By Stephen Powney
The Timber Trades Journal
October 14, 2025
Category: Finance & Economics
Region: International

The latest set of financial results for UK panel products manufacturer West Fraser Europe show that its turnover fell by £65m for the year ended December 31, 2024. The results show that West Fraser Europe’s turnover for the period was £352m (2023: £417m). The company recorded a loss for the year after taxation of -£12.1m (2023: £4.8m profit after tax). The West Fraser Europe operation includes an MDF and particleboard mill in Cowie, and OSB mills in Inverness and Genk, Belgium. …Fellow UK panel product manufacturer Kronospan UK, which produces MDF and particleboard, published its last set of results in June 2025, relating to the 12 months ended September 30, 2024. The results show revenue during the period had been £309m (2023: £354m), down 12%, while profit before tax was £489,000 (2023: £47.4m). 

Read More