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Finland’s Metsä to invest € 50 million, create 200 new jobs in Estonian wood products industry

Metsä Wood, the Wood Products Industry belonging to Finland’s Metsä Group, launches an investment programme that includes a total of EUR 100 million investments in Finland and Estonia. Approximately half of the EUR 100 million investments will be allocated to Estonia.

A new birch veneer peeling and drying line is planned to be built in Finland. This veneer production is planned to be processed in a new plywood mill to be constructed in Estonia. Suolahti mill’s current birch veneer line is planned to be transferred to Estonia. The total annual birch plywood production volume would increase by approximately 30,000 cubic meters.

”These are major steps for Metsä Wood to grow and further improve cost competitiveness. Demand for birch plywood is increasing especially in the light transport industry. In Kerto® LVL business more capacity is needed to continue growth in North America, in particular. Thanks to the investment programme a notable result improvement will be achieved, fully from 2019 onwards,” says Esa Kaikkonen, Executive Vice President, Metsä Wood.

About 200 new jobs are expected to be created in Estonia.

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