German Pellets issues Heat Securities II, bonds for 50 million for further growth. June 2013 •
German Pellets plans to use the proceeds to further develop the international warehousing and logistics system to use for the expansion of the retail business and to increase the efficiency of existing productions. The annual turnover of the company last year was 500 million euros. Key sales markets are Germany, Denmark, Italy, Austria, Belgium and the UK. In addition to the renewable heat market for wood pellets pellets German supplies in Western Europe also utilities to produce electricity and heat from wood pellets.