BELARUS – Kronospan, an international manufacturer of wood panel products, will invest $200 million in the expansion of its mills in Belarus – creating 120 new jobs in 2017 and 2018.

Kronospan announced the expansion March 21 when Belarus’ President Alexander Lukashenko visited one of the company’s OSB plants in Belarus, reported BelTA news.

Since 2010, Kronospan has invested nearly $1 billion in its Belarus operations, and has created over a thousand jobs in the country. Plants in Belarus manufacture laminated and non-laminated particleboard, MDF, impregnated paper, and floor pavement. Kronospan alone accounts for nearly 30 percent of Belarus’ annual woodworking industry output.

Last year, Kronospan invested $362 million in its Alabama plant, adding 160 jobs. It has invested $650 million in total in the plant, with its workforce numbering 270 people.

Kronospan is a world leader in wood-based panels with operations in 31 countries.