Cyprus Forest Industries

What Cyprus Forest Industries does

Cyprus Forest Industries Public Ltd is the largest manufacturer of industrial wood panels in Cyprus, producing six core product categories — Melamine-faced panels (MFC), Veneer, Doorsets, Coloured MDF, HPL & Compact HPL, and Industrial Wood Boards — alongside supporting services such as cutting, sizing, and edge banding. The company operates a single manufacturing facility at Ayias Sofias 1, Palaiometocho, Nicosia, and markets itself as "The Wood Panel Experts" via a bilingual (English/Greek) website with a downloadable product catalogue. It self-describes its manufacturing as "high-tech" and emphasizes certified quality as a core value proposition.

The company is a public limited company (Cyprus Forest Industries Public Ltd, Δασικές Βιομηχανίνίες Κύπρου Δημόσια Λιμιτεδ) listed on the Cyprus Stock Exchange (Euronext), with audited consolidated and separate financial statements filed annually. It was founded in 1960 and held its 56th Annual General Meeting on 3 July 2026, indicating continuous operation under public-company governance for over six decades. Headcount is stated at 51–100 employees. Governance is provided by a Board of Directors chaired by Efthymia Agathocleous, with Charis Charalambous as General Manager and Antonis Kimisis as CFO/Secretary (replaced by Stavroulla Konstantinou on 16 July 2025). Professional advisors include Ernst & Young Cyprus (auditors), Kousiou Korfis Papacharalambous LLC (legal), and Eurobank Cyprus (banking).

CFI operates a direct-to-customer B2B sales model within Cyprus only, with distribution through an in-house sales department reachable via phone and email. Customers span construction companies and real estate developers (Cyfield, J&P, Lois Builders, Pafilia, Korantina Homes, Vassos Markides), hotels and resorts (Four Seasons, Le Meridien, Grecian Park, Kapetanios Bay, Olympic Lagoon, AQUAMARE, Leonardo), casinos (Cyprus Casinos), and educational institutions (Cyprus University, European University Cyprus, Nicosia University). No pricing tiers, subscription models, or subscription-based pricing are publicly disclosed, and revenue is generated through one-time product sales.

Name

Cyprus Forest Industries

Legal name

Cyprus Forest Industries Public Ltd

Website

https://cfi.com.cy

Company type

Public

Founded year

1960

Operating status

Operating

Headcount range

51–100 employees

Short description

Cyprus Forest Industries is the largest manufacturer of industrial wood panels in Cyprus, producing melamine, veneer, doorsets, coloured MDF, HPL, and industrial wood boards for sale to domestic construction, hospitality, real estate, and education customers.

Ownership category

akta.pro rank

Product category

Industrial Wood Panel Manufacturing

NAICS

Wood Product Manufacturing (321), Veneer, Plywood, and Engineered Wood Product Manufacturing (3212), Wood Window and Door Manufacturing (321911)

SIC

Lumber & Wood Products (No Furniture) (2400), Millwood, Veneer, Plywood, & Structural Wood Members (2430), Wholesale-Lumber, Plywood, Millwork & Wood Panels (5031)

akta.pro primary industry

Hardwood Plywood & Decorative Panels Manufacturing (IMAMACAB)

akta.pro secondary industry

Wood Remanufacturing (Mouldings, Millwork Blanks, Cut Stock) (IMAMABAI)

Keywords

• Industrial wood panels
• Melamine panels
• Engineered wood products
• Wood-based panels
• Wood panel manufacturing

Headquarters

HQ city

Nicosia

HQ country

Cyprus

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales

Revenue model

1. Wood panel product sales: Cyprus Forest Industries generates revenue through the manufacture and sale of industrial wood panels including melamine, veneer, doorsets, coloured MDF, HPL, and industrial wood boards. The company is publicly listed on the Cyprus Stock Exchange (Euronext), indicating it files audited consolidated and separate financial statements annually.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Cyprus Forest Industries manufactures and sells industrial wood panels including melamine-faced panels, natural wood veneer panels, doorsets, coloured MDF, HPL and Compact HPL, and industrial wood boards. The company also offers value-added processing services such as cutting, sizing, and edge banding. Products are sold directly to B2B customers across Cyprus in the construction, furniture manufacturing, hospitality, and education sectors.

Product overview

Cyprus Forest Industries is the largest manufacturer of industrial wood panels in Cyprus, operating as a manufacturer and supplier of wood panel products. The company offers a comprehensive portfolio of six core product categories: Melamine, Veneer, Doorsets, Coloured MDF, HPL & Compact HPL, and Industrial Wood Boards. These products are complemented by supporting services. The company markets itself as \"The Wood Panel Experts\" and provides a downloadable product catalogue for customers. All products emphasize high-tech manufacturing, certified quality, and value as key differentiators.

Differentiator

Problem solved

Functional benefit

Products and services

• Melamine Melamine-faced wood panels providing decorative surface solutions for furniture manufacturing, interior fit-out, and construction applications. Sold to B2B customers in Cyprus.
• Veneer Natural wood veneer panels offering authentic wood grain surfaces for premium furniture, architectural millwork, and interior applications. Sold to B2B customers.
• Doorsets Pre-finished door sets combining wood panels with door hardware for residential and commercial construction applications. Sold to B2B customers in Cyprus.
• Coloured MDF Medium-density fiberboard panels with coloured finishes providing decorative panel solutions in various colours for furniture manufacturing and interior applications.
• HPL & Compact HPL High-Pressure Laminate and Compact HPL panels offering durable surface solutions with high resistance for countertops, wall cladding, and industrial applications. Sold to B2B customers.
• Industrial Wood Boards Industrial-grade engineered wood products including particleboard for manufacturing, construction, and fit-out applications. Sold to B2B customers across Cyprus.
• Services Value-added processing services related to wood panel products, including cutting, sizing, and edge banding, supporting customers' manufacturing and fit-out requirements.

Named customers17 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Four partnerships are on record, tiered supporting and core.

• Ernst & Young Cyprus LimitedsupportingOthersErnst & Young Cyprus Limited serves as the independent auditor for Cyprus Forest Industries plc. Listed in the official financial report as the independent auditors for consolidated and separate financial statements. Office at Esperidon 10, P.O. Box 21656, 1511 Nicosia, Cyprus.
• Kousiou Korfis Papacharalambous LLCsupportingOthersListed as legal advisors to Cyprus Forest Industries plc in the official financial statements.
• Eurobank Cyprus LimitedsupportingOthersListed as bankers for Cyprus Forest Industries plc. The company maintains banking relationships with Eurobank Cyprus Limited for its financial operations.
• Cyprus Stock ExchangecoreOthersCyprus Forest Industries plc is listed on the Cyprus Stock Exchange (Euronext). The company publishes official announcements, annual reports, and financial statements through the CSE, and references stock listing information on its investor relations pages.

Scale indicators3 records

Recent moves4 records

Expansion highlights3 records

Broad incumbents

• Sonae Arauco: Iberian manufacturer of wood-based panels, laminates, and engineered wood products for furniture and construction. Comparable portfolio (particleboard, MDF, melamine, HPL) and similar end-customer base to CFI.
• Egger: Major European manufacturer of wood-based panels, laminates, and edge banding serving furniture, construction, and interior design markets. Directly comparable product portfolio (including HPL, melamine-faced boards, MDF) targeting the same downstream customers as CFI.
• Kronospan: World's largest manufacturer of wood-based panels (MDF, particleboard, OSB, laminates) with extensive European production. Comparable because it serves the same end-uses (furniture, construction, interior fit-out) and overlaps with CFI's full panel portfolio, albeit at vastly larger scale.
• Pfleiderer: German manufacturer of engineered wood panels, decorative surfaces, and HPL for the European furniture and construction industry. Directly comparable product mix including melamine-faced panels, HPL, and specialty boards.
• Swiss Krono: European manufacturer of engineered wood products including MDF, HDF, particleboard, OSB and laminates. Highly comparable panel portfolio and end-market exposure to furniture and construction, with broader geographic reach than CFI.
• Finsa: Spanish-based manufacturer of MDF, particleboard, melamine-faced panels, and decorative surfaces serving furniture and construction industries. Overlaps directly with CFI's melamine, MDF, and panel offerings; Finsa being Iberian-based provides the closest geographic peer for an EU island manufacturer.

Emerging players

• Coveright Surfaces: European producer of decorative surfaces and laminates including HPL used in furniture and interior fit-out. Overlaps with CFI's HPL & Compact HPL product line and shares construction/hospitality end-customers.

Regional players

• AGT (Agt Agac Sanayi): Turkish wood panel producer offering MDF, particleboard, melamine-faced panels, and HPL with strong export presence in the Mediterranean. Comparable product range and a viable import competitor into Cyprus.
• Kastamonu Entegre: Turkish manufacturer of MDF, particleboard, laminate flooring, and door panels serving Europe, Middle East, and North Africa. Closest Mediterranean regional peer to CFI, with comparable panel range and a logistics radius that could compete for Cypriot contracts.
• Yildiz Entegre: Turkish manufacturer of MDF, particleboard, laminates, and engineered wood products with global reach. Comparable product portfolio and geographic proximity that makes it a realistic competitor in the Cypriot market.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/cficyprus
• Instagraminstagram.com/cficyprus

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cyprus Forest Industries