Westag AG Reports Earnings Results for the Full Year Ended December 31, 2022

Westag AG is a Germany-based company engaged in the manufacture of construction and finishing products made of wood and synthetic materials. The Company operates in three divisions: Plywood/Formwork, Doors/Frames and Laminates/Elements. The Plywood/Formwork division focuses on the production of panel materials for industrial applications and formwork; manufactures formwork panels, which are used on construction sites and in the precast concrete works and develops and produces coating films for the creation of panel materials. The Doors/Frames division offers products for residential and contract applications, which include technical doors and frames, living space doors/frames, lattice wall and special doors. The Laminates/Elements segment offers high pressure laminates (HPL), kitchen worktops, windowsills, interior construction products, solid surface materials and polymer glass. The Company’s products are designed for such industries as construction and automotive, among others.