VeTo Fulda, LLC announces the Launch of their Crowdfunding Campaign
“Our vision become the leading brand in the woodworking industry in Croatia and the other Balkan States and deliver a high-quality product on time and within budget while also providing a fast ordering.”
VETO Fulda is a company in the wood industry. With the passion for creating parquets, tables and other things made out wood, we want to serve more people than we did before.
“We deliver high quality products and services satisfying the specific needs of our respective customers.”
This proposal is for the: Acquisition Opportunity of the following company:
Vedrana d.o.o.
Radnička cesta 39
HR – 10000 Zagreb
Croatia
Business Summary:
Vedrana D.O.O. is a wood processing company that operates on an integrated site and produces solid wood panels, solid furniture, and floorings.
The product portfolio today includes a wide range of wooden plates and panels.
The Company is privately owned and the production facilities located in Croatia. With approximately 110 employees the Company was very profitable in 2017, however there is a certain need for reorganization.
Currently, the company does not use full production capacities. Therefore there is a potential for a significant increase in production capacity and extension of the production assortment.
The company Vedrana d.o.o. was founded in 1998 and it started the production of edged glued and finger jointed solid panels in 2011.
In the period from 2015 till 2017 the company expanded its production capacities to 450 m3 / per month of massive (solid) oak and beech panels, with a yearly production in 2017 of more than 4,000 m3 of final panels.
The factory produces edged glued and finger jointed solid oak, ash and beech panels class A/B and B/C, oak and ash wooden floorings, oak and beech massive panels.
The company employs 110 people and 95% of products are exported to the EU countries (Italy, Austria, Germany, Slovenia, France).
The company wishes to increase the production capacities and start further development of the production plant, more specifically they want to become more final product oriented (start the production of tables, beds, and floorings).
The investment would secure employment of at least 30 new people.
The plan is also to build briquette factory with the capacity of 100 t / per month and co-generation power plant of 1.2 MWh of electrical energy and 3.8MWh of heat energy.
This business plan highlights the key concepts of the product design and development, as well as explains the fundamental values and organization of Vedrana D.o.o.
The required investment is for: modernization of production lines for the production of massive wood panels and production of multilayer glued flooring panels from thin plates and veneers; purchase of new production line with sawmill and finishing; purchase of CNC machines for furniture processing (tables, beds, chest of drawers, chairs); electrical substation of 3MW capacity; and for working capital.
Until now, the project holder has selected the equipment for the drying plant, has signed a contract for design and consulting services, the new silos and the ventilation equipment with the return of warm air have been installed.
Additional land and hall have been purchased. A new drying plant (1,200 m3) and steaming chamber currently being constructed.
The area where the plant is located is rich in forests of deciduous trees.
For this acquisition, we need $20,000,000.00 US Dollars.
For more information about VeTo Fulda’s crowdfunding campaign, please visit: https://www.crowdfunder.com/veto-fulda-llc/invest
Media Contact
Company Name: VETO FULDA LLC
Contact Person: Mr. Tomislav Tomic
Email: Send Email
Phone: +1-302-397-0565
Address:717 N Union St Suite 139
City: Wilmington
State: DE 19805
Country: United States
Website: www.veto-fulda.com
