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New Homag business area launched on 1 April

25.05.2021 − 

The new construction elements solutions business area, announced by Homag Group in October 2020, commenced operations on 1 April. In a first step, the former solid wood activities of the Homag Group, Weinmann Holzbausystemtechnik, which was completely taken over in June 2020, the 80% shareholding in TM, which was completed at the end of October 2020, and the cooperations with other machine and industrial equipment manufacturers from the area of timber construction were consolidated in this business area. Examples for such cooperations are Hans Hundegger, Minda North America and Anthon. Meanwhile, the majority shareholding in Kallesoe Machinery - which was acquired with effect from 28 April - has also been added to the business area.

According to Homag, with this portfolio the new business area can supply around 70% of machines and plants required for structural timber construction from the company’s own production. The global market for these machines and plants, which is divided into the subdivisions of solid wood processing, CLT/gluelam and timber housing construction, is expected to grow to more than €1.150bn in 2021, according to the estimates of superordinate Dürr. Based on the estimated rate of 70% that can be covered by machines and plants from own production, Dürr has calculated an accessible market volume of more than €800m for the new Homag business area.

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