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Wolf Group transfers Danish production to Estonia

2011-02-01

Wolf Group transfers the production of expanding sealing tapes Exadan AS acquired in 2008 from Denmark to Estonia. According to Wolf Group CEO, Jaan Puusaag, the company still strives for more efficient manufacturing processes and synergy. At the same time, the factors favouring the movement of the factory to Estonia are the local favourable tax system and lower fixed costs when compared to Denmark.

”We had the plan of moving the production of self-expanding sealing tapes to Estonia right from the start, as it is much more easier to administer our work closer,” Puusaag explained the background for bringing the production unit to Estonia. According to Puusaag, addition of new lines gives an opportunity to diversify risks and make a wider use of the employees. “For example in Denmark, the factory worked in one or two shifts, but here we could make it work in three shifts, if necessary. Such an integration of production provides the company with flexibility and stability,” Puusaag was sure.

An average of 20 million metres of tape is manufactured in Wolf Group a year, which is almost a half of the Earth’s circumference.

The major export markets of the sealing tape are Russia, Germany, Scandinavia, Poland, Austria, United Kingdom, and the Netherlands. Sealing tapes are marketed also at every target markets of the companies belonging to the Wolf Group.

Self-expanding elastic sealing tapes based on polyurethane foam are used in sealing joints of window and door structures, façades and panels. UV resistant tapes meant for both indoor and outdoor works ensure a wind- and watertight connections and reduce the decay and fungal contamination hazard of the adherent construction materials. Thank to the feature they are irreplaceable in log cabin construction, for example.
Wolf Group assembles the sales and manufacturing companies of the European leading manufacturer of construction chemicals and materials in Estonia and abroad. Wolf Group factories are located in Estonia and Russia, sales units in Estonia, Latvia, Lithuania, Ukraine, Romania, Bulgaria, Denmark and Kazakhstan. Export geography includes about 50 countries from Norway to Australia, from Brazil to Japan.

Additional information:

Jaan Puusaag
CEO
Tel +372 6059 300
Fax +372 6059 315
jaan.puusaag@wolfgroupweb.com
www.wolfgroupweb.com

Iveri Marukashvili
Communications Manager
Tel +372 6 805 927
GSM +372 53 411 813
Fax +372 6 059 315
Skype uusenergia
iveri.marukashvili@wolfgroupweb.com



Wolf Group Supports Children and Families in need

2011-01-01

Wolf Group CEO Mr Jaan Puusaag and the director of Good Deed Foundation Mr Mart Kuusk have signed a cooperation agreement. Wolf Group will support the development of the Foundation’s worthy initiatives (Oma Pere and Perekoolitusühing Sina ja Mina). The initial planned cooperation period is one year.

Wolf Group unites companies who manufacture construction foams, sealants and construction materials. According to the group’s Chairman Mr Jaan Puusaag, the company has always tried to support underprivileged children in any way possible. Puusaag says that the group is delighted to join the Good Deed Foundation’s good cause as it increases the scope of Wolf Group’s efforts and helps to reach many children and underprivileged families in Estonia.

The goal of the non-profit association Sina ja Mina is to help people maintain healthy family relations and to prevent risk behaviour in children. The organisation also offers family counselling in individual sessions and online (e-counselling). The non-profit association Oma Pere is creating a training and information centre which will help to find families for children without parental care, and will provide training and support for the families.

In addition to financial support, the employees of Wolf Group can also help by volunteering in the various important projects of the Good Deed Foundation, and thereby help to tackle several serious social issues in Estonia.´

This is not the first time that Wolf Group has supported disadvantaged children and young people. For example, Wolf Group has for several years sponsored the Tallinn Ristiku School, helping to promote a healthy lifestyle and provide leisure activities for the school’s students (children with special educational needs). Wolf Group has also supported the foundation for children with physical disabilities (Liikumispuudega Laste Toetusfond).

Wolf Group consists of the company Krimelte, a leading manufacturer of construction chemicals and materials in Europe, and sales and production companies in Estonia and other countries. Wolf Group has factories in Estonia and Russia, and sales divisions in Estonia, Latvia, Lithuania, Ukraine, Romania, Bulgaria and Kazakhstan. The group’s export network includes almost 50 countries, from Norway to Australia and from Brazil to Japan.

The Good Deed Foundation was founded in 2003 to facilitate small good deeds, but has now become a major supporter of social organisations in Estonia. Today, the Foundation’s goal is to find the organisations with an important role in society and provide them with strong support – using the expertise and investments of partners from the business sector. After selecting the initiatives, the Foundation supports the implementation of their ambitious plans for 3 to 5 years. In the process, the Foundation enlists the help of several leading experts who offer their knowledge and expertise for free and in their own time. These experts include successful entrepreneurs, financial and human resources specialists, communication and legal experts, and so on.



The Wolves Continue Expansion into New Markets

2010-11-01
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The fast-developing Wolf Group has increased sales and expanded to new exotic countries.

This year, Wolf Group has exported construction foams and sealants to more than forty countries, reporting EUR 53 million in sales in the first nine months – this means a more than 30% growth over the same period in 2009. The good performance in the first three quarters was influenced by favourable economic conditions on the export markets and continued focus on the group’s growth through expansion to new countries. Wolf Group has just signed an agreement with a leading South-American retailer, and will soon start to export construction chemicals to Chile, Peru, Argentina and Columbia.       

According to Wolf Group’s CEO Mr Alar Salum, their successful expansion to the new continent was based on an audit of the quality management system, requested by the potential distributor. The auditing results completely satisfied the client’s criteria. “An international auditing firm carried out an in-depth audit, focusing on the entire manufacturing process from material sourcing to delivery of finished products,” said Salum about the first audit in Wolf Group’s history that was requested by an international client.

“Chile has a very active construction market. Peru, Argentina and Columbia are also on the rise,” said Salum to describe the newly-added markets in Wolf Group’s portfolio. He added that the practice of using sealants and foams is gradually spreading and developing in these countries. Wolf Group is also participating in the residential construction programme following the Chile earthquake – the first sample home using Tempsi wall systems has already been sent to Chile.

In addition to Wolf Group’s growing export network and the increasingly stabilised economic environment on the target markets, the financial performance in the first three quarters has also validated the significant decisions and investments (in production and development of the sales structure) made in the early days of the recession.

In autumn 2009, Krimelte decided to gather all the companies in the group that specialise in sales and production under one umbrella brand, the Wolf Group. Wolf Group unites all the domestic and international sales and production divisions of Krimelte, as well as the Penosil and Tempsi trademarks. 
In addition to a factory in Estonia, Krimelte (a Wolf Group company) has two more factories in Russia and Denmark. Wolf Group’s export network includes many countries, including Russia, Ukraine, Kazakhstan, Japan and Brazil. This year, Wolf Group has already added New-Zealand, Israel, Cyprus, Portugal and Chile to its export portfolio.



Timely reaction to changes in the economic environment and right strategies guaranteed Krimelte’s growth

2010-08-01

The consolidated turnover of the first six months of 2010 of Krimelte, an insulating foam and joint sealant manufacturer exporting its products to more than forty countries and belonging to the Wolf Group was 28.3 million euros, growing by more than 50% when compared to the results from the same period last year. The company predicts the continuing of this positive trend and meeting its budget in the second half of the economic year as well.

 

The promising financial results of the first half-year have a close connection to Krimelte’s widened spectrum of export countries and, when compared to the same period last year, to the considerably more stable situation on its export markets. The positive results were also influenced by the crucial decisions and investments into production and the development of sales organisation made at the beginning of the economic crisis and. “Thanks to the steps planned and strategies chosen at the beginning of the economic crisis, Krimelte has been able to increase its turnover, which can be seen in our current financial results,” said Alar Salum, the CEO of Krimelte, describing the importance of the right decisions made during rough times.

According to Salum’s predictions, the overall outcome of the economic year might still show a somewhat more conservative growth percentage of the company’s turnover. “Despite the good start-off, we are still closely monitoring the situation on the export markets since not all the markets are recovering from the crisis identically. However, we still see ourselves meeting our budget during the second half of the year, which gives us reason to expect an overall annual sales growth of 25%,” Salum added.

Krimelte is a leading European manufacturer of insulating foams and joint sealants that is based on Estonian capital and that has been titled the Exporter of the Year on numerous occasions. In addition to the factory located in Estonia, Krimelte has set up production units also in Russia and Denmark. Among others locations, Krimelte exports its goods to such countries as Russia, Ukraine, Kazakhstan, Romania, Bulgaria, Croatia, Spain, Germany, Japan and Brazil. This year, Krimelte started exporting its products also to New Zealand, Israel, Cyprus and Portugal.
Last autumn Krimelte decided to unite all of the group’s companies involved in the sales and production activities under one corporate umbrella brand called the Wolf Group. The Wolf Group unites all of Krimelte’s sales and production companies in Estonia and abroad and also the trademarks Penosil and Tempsi.

The sales turnover of the Krimelte group in 2009 was 813 million Estonian kroons with a pre-tax profit of 62 million Estonian kroons.

Additional information:
Iveri Marukashvili
Communications manager
Krimelte OÜ
Mobile: +372 53 411 813
Skype: uusenergia
iveri.marukashvili@krimelte.ee
www.krimelte.ee



Wolf Group’s Krimelte to represent Estonia in Europe’s most competitive business awards competition

2010-07-02

The European Business Awards sponsored by HSBC has announced today that Krimelte is to represent Estonia in the prestigious 2010 Awards programme. Krimelte beat off stiff competition to be selected as one of 10 Country Representatives and will now compete for a coveted Ruban d’Honneur in the next round of the competition. Final category Award winners will be unveiled in Paris on 16th November.

 

Now in its fourth successful year, the European Business Awards has identified some of Europe’s brightest businesses based on their ability to demonstrate the three core principles at the heart of the Awards programme. The esteemed panel of judges were looking for organisations to represent Estonia who exhibited innovation, business excellence and sustainability.

 The European Business Awards is dedicated to raising the visibility and progress of companies who excel in delivering innovation twinned with successful commercial results whilst acting responsibly and positively affecting the social environment they operate in. In 2009, the 99 Ruban d’Honneur recipients had a combined turnover greater than €570 billion and recorded an average annual profit growth of 56%.

 Adrian Tripp, CEO of the European Business Awards says, “Over the past 4 years we’ve received an incredibly high standard of entries from organisations who are passionate about their business. However, very few get the chance to fly the flag for their country and compete across Europe to be recognised as one of the EU’s leading companies. It really is an exceptional accolade to be picked as a Country Representative, and together with HSBC we’re looking forward to seeing Estonia in the next round.



Krimelte Conquers New Zealand and Cyprus markets with Estonian Insulating Foam

2010-07-01

Krimelte, a company belonging to the Wolf Group that exports its insulating foams and joint sealants to forty countries has expanded its reach to the markets of New Zealand and Cyprus. However, according to a representative of the company the soon to be launched exporting operation to Israel has the perspective of becoming the most promising one yet.

 

According to Jaan Puusaag, the Chairman of the Board of Krimelte, the company has quite ambitious plans of growth and is making quick progress in expanding its market share on its export markets. “But the regions that have just been added to Krimelte’s export portfolio offer us a great opportunity for speedy growth and show the great potential that the post-recession construction sectors of foreign countries possess,” said Puusaag, commenting on the growth advantages of the company’s export portfolio and the situation in foreign markets.

”Launching sales in a location that is geographically the farthest away from Estonia is proof that no market is too far and the Earth is, in fact, round,” said Puusaag, commenting on the company’s achievements in New Zealand and adding that exporting to New Zealand suggests the possibility of entering the Australian market as well. Krimelte was the only Estonian company represented at the construction fair "Design Building 2010" held in Melbourne, the second largest city in Australia at the end of June.

The company’s successful entering into Brazilian market that began last year is progressing as planned and the company believes the construction market of Brazil to still have enough room and potential of growth for Krimelte to take advantage of. Krimelte, which, by today, has been operating on the Brazilian market for only six months has been able to not only export chemical construction products to private label customers but sell them under its own trademark Penosil as well. 

Krimelte is a leading European manufacturer of insulating foams and joint sealants that is based on Estonian capital and that has been titled the Exporter of the Year on numerous occasions. In addition to the factory located in Estonia, Krimelte has set up production units also in Russia and Denmark. Among others locations, Krimelte exports its goods to such countries as Great Britain, Ireland, Norway, Sweden, Finland, Romania, Croatia, Spain, Germany, Ukraine, Japan and Russia.

Last autumn Krimelte decided to unite all of the group’s companies involved in the sales and production activities under one corporate umbrella brand called the Wolf Group. The Wolf Group unites all of Krimelte’s sales and production companies in Estonia and abroad and also the trademarks Penosil and Tempsi. 

The sales turnover of the Krimelte group in 2009 was 813 million Estonian kroons with a pre-tax profit of 62 million Estonian kroons.

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