OREANDA-NEWS. July 09, 2010. Estonia's OU Krimelte, which exports building foams and sealants into nearly 40 countries, has launched export to the New Zealand and Cyprus markets.

Krimelte said that export would soon begin also to Israel.

"The areas that have recently been added to Krimelte's export portfolio offer a good opportunity for fast development and are a good indicator of the potential of foreign countries'  building sector after the economic fall," said Krimelte board chairman Jaan Puusaag.

He said New Zealand showed opportunities for entry into the Australian market.

The entry into the Brazilian market that began successfully last year  was proceeding as planned according to the company and the company continued to see a room for growth and potential in winning the building market there.

In addition to its Estonian factory Krimelte has production units also in Russia and Denmark. Among other countries, Krimelte's export geography embraces Great Britain, Ireland, Norway, Sweden, Finland, Romania, Croatia, Spain, Germany, Ukraine, Japan and Russia.

Last fall Krimelte decided to bring all sale and production companies of the group under one umbrella brand, Wolf Group. Wolf Group combines all Krimelte's sale and production companies in Estonia and abroad, as well as its Penosil and Temps trademarks.

The sales turnover of the Krimelte group of companies in 2009 was 813 million kroons (EUR 52 mln) with the pre-tax profit of 62 milllion kroons.