August 27, 2014 2:04 PM ET

Paper and Forest Products

Company Overview of German Pellets GmbH

Company Overview

German Pellets GmbH manufactures and supplies wood pellets for fuel dealers, commercial and private customers, and energy providers. It offers wood pellets that are used in pellet ovens and heating systems, as well as power stations to generate electricity and heating. The company also offers wood-based animal hygiene products, including bedding for horses, livestock, and small animals; and wood shavings. In addition, it operates an online shop for polo shirts, shell jackets, winter jackets, and vest jackets. The company offers its products through dealers in Europe. German Pellets GmbH was founded in 2005 and is based in Wismar, Germany with locations in Herbrechtingen, Ettenheim, Torgau, E...

Am Torney 2a

Wismar,  23970

Germany

Founded in 2005

Phone:

49 3841 30 30 6 0

Fax:

49 3841 30 30 6 9100

Key Executives for German Pellets GmbH

Managing Partner
Age: 58
Chief Technology Officer
Compensation as of Fiscal Year 2014.

German Pellets GmbH Key Developments

German Pellets Gmbh Reports Group Earnings Results for the Year 2012

German Pellets Gmbh reported group earnings results for the year 2012. The company has expanded its leading position in the 2012 business year. Based on provisional figures, group turnover grew from EUR 286 million to EUR 519 million. Earnings before interest, taxes, depreciation and amortisation (EBITDA) grew to a level of EUR 39.6 million compared to EUR 29.6 million a year ago. Earnings before interest and taxes (EBIT) increased by EUR 8 million to reach EUR 23.4 million. The positive development in business results from the strong demand for wood pellets in almost all Western European countries. Double-digit growth rates for pellet-based heating units and pellet stoves have led to increasing demand for wood pellets in the private consumer market.

German Pellets Gmbh to Build Second US Pellet Plant

German Pellets Gmbh is further expanding its production capacities in North America. In Urania, a town in northern Louisiana, German Pellets will soon begin construction work on a new pellet production facility. The output will be about 1 million tonnes of wood pellets per year. Urania will be the German Pellets Group's second North American site. In April a plant will open for production in Woodville, Texas. The decisive factor for the choice of location was the availability of raw materials in this densely forested region, where the annual timber increment is significantly higher than in Germany owing to the subtropical climate. The forestry industry is the second largest employer in the well-wooded state of Louisiana. The forests are managed sustainably. The new German Pellets production facility in Urania will create some 500 jobs in the region, both directly and indirectly. German Pellets will produce one million tonnes of wood pellets per year in Urania, twice as much as in its first US plant in Woodville, Texas. 'Pellet consumption worldwide is on the rise, especially in Europe. This means that the construction of large production capacities is necessary. The demand from the European power plant market for the production of heat and electricity from wood pellets has risen sharply. There is also an increasing demand for wood pellets among private consumers and large-scale users, for example for supplying heat to hospitals, schools, commercial buildings and industrial facilities. For the transport of wood pellets from the Urania and Woodville sites to Europe, German Pellets will be using the harbour of Port Arthur on the Gulf of Mexico. At the deep-water port, German Pellets operates storage and loading systems.

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