Fazerles AD is a Bulgaria-based company engaged in wooden products industry. Through its two production lines for hardboard, the Company manufactures hardboard panels with different thickness; hardboard panels for doors, furniture and decoration; wooden transportation pallets for food, technical equipment and medical supplies, and box-pallets. Fazerles AD distributes its products domestically and abroad in Europe, Asia and Africa. As of December 31, 2011, the Company’s major shareholder was Fazerinvest AD with a stake of 58.59%.