Fazerles (4F6:BU): Is a 90% Price Drop Enough?

In 1993, Fazerles (4F6:BU) was formed to inherit the old wood-fiber plates (hardboard) plant.  The company is the largest hardboard manufacturer in Bulgaria.  The results in its best year, 2007, put Fazerles in second place among the largest exporters of hardboard in Europe, after the French Tarnais.

Fazerles has two wet-process production lines with a t…