A EUR 100 million investment
Demand is growing in the wood products industry, particularly in construction and the light transport equipment industry.
In 2017–2018, Metsä Wood will carry out a EUR 100 million development programme that includes investments in Finland and Estonia. The increase in the production capacity for plywood and Kerto LVL is aimed at improved profitability, as well as at speciality products, for which there is demand in growing customer segments.
A new production unit for birch veneer will be built in Äänekoski, Central Finland. The veneer will be dried, loaded into trucks and transported to the plywood mill to be built in Estonia, where the further processing line for birch plywood, currently located at Suolahti, is to be moved. All things considered, the annual production volume of birch plywood is set to grow by approximately 30,000 m3 through the investments.
The effect that Metsä Wood's investment programme will have on the financial results will be fully visible during 2019.