Metsä Group informed that the company’s wood products subsidiary Metsä Wood had bought a 10 hectare industrial site in the city of Pärnu in Estonia. The company has already signed an agreement with Nordecon AS for construction of the 29 000 m2 production hall for the new birch plywood mill and the non-work rooms and office premises. The mill is expected to start production by the second half of 2018.
According to the announcement, the new mill is part of the EUR 100 million investment program Metsä Wood published in June 2016.
Jari Tikkanen, SVP Production and technology at Metsä Wood, commented:
“Metsä Wood is investing in birch plywood production to better meet the globally growing demand. The location of the new mill in Pärnu offers very good logistical connections to our main markets. The birch veneers will be manufactured in Finland and converted into plywood at the Pärnu mill. This is a major investment in our competitiveness. The annual birch plywood production capacity at the Pärnu mill will be 50 000 cubic metres.”
Metsä Wood provides the premium-quality wood products for customers in construction, industrial applications and distribution.
About Metsä Group:
The company is a forest industry group whose core business consists of tissue and cooking papers, paperboard, pulp, wood products, and wood supply and forest services. It has operations in almost 30 countries and production in 9 of them.