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Investments

Our strategy is to grow in fibre based packaging materials and renew our industrial operations. We implement this with sustainable investments. Below are listed our ongoing and completed as well as planned (* *) investments.
  1. 2024-

    Renewal of Simpele board machine - Ongoing

    The renewal of the folding boxboard machine is part of a larger modernisation programme at Simpele board mill. Investment decision made on 24 April 2024.

     

    Investment decision New capacity (Estimated) Completion Investment value Investment period
    Q2 2024 10,000 tonnes of folding boxboard Q2 2025 EUR 60 million 2024-2026

    The investment include renewals in the pre-dryig and coating section of the folding boxboard machine. It will enable the replacement of fossil fuels in paperboard production, increase production efficiency and improve the quality of folding boxboard. The increase in production capacity will bring Simpele's production capacity of folding boxboard to about 310,000 tonnes/year. Simpele mill produces high-quality lightweight folding boxboard, mainly for food and pharmaceutical packaging

  2. 2023-

    Renewal of the Husum port concept - Ongoing

    Due to the growing logistics volumes of the Husum integrated mill, the port concept will be renewed. The value of the investment is around EUR 20 million. Invesment is expected to be completed in 2024.

  3. * *

    Husum pulp mill renewal - Planned

    Husum pulp mill’s fibre line will be renewed. No investment decision made yet.

  4. * *

    Modernisation of Simpele mill - Partly planned

    A major investment programme to modernise the Simpele board mill, which will be implemented in phases.

    The programme includes renewals in the mechanical pulp production, in the pre-drying and coating section of the paperboard machine as well as in the finishing area. The programme also includes a new power plant. As a result of the programme, the quality, performance and cost competitiveness of the folding boxboard will improve, and the production capacity will increase. Renewals will also support company's target of fossil-free production by the end of 2030. 

    On 24 April 2024 Metsä Board made an investment decision on the renewal of the paperboard machine in Simpele. Estimated investment value of EUR 60 million. 

    The total estimated investment cost of the Simpele and Kyro paperboard mills is EUR 250 million over the next 10 years. (Investor news 21 March 2024)

     

  5. * *

    Investment programme in Kyro board mill - Planned

    Improve the performance of the current barrier board and expand its end-use areas at Kyro board mill. No investment decision made yet.

  6. * *

    New products on current white kraftliner mill in Husum - Planned

    At the Husum integrated mill in Sweden, Metsä Board will introduce new products on the current white kraftliner production line (BM2). The aim is to find new innovative solutions for the growing food and food service packaging segment. No investment decision made yet.

  7. 2021-2023

    Folding boxboard capacity expansion in Husum mill, Sweden - Completed

    At the Husum integrated mill, we increased the annual production capacity of folding boxboard with 200,000 tonnes. The investment was completed in November 2023.

     

    Investment decision  New capacity  Start-up Investment value Investment period 
    Q2 2021 200,000 tonnes folding boxboard Q4 2023 EUR 230 million 2021-ongoing

     

    Investment in brief

    Following the investment, the annual capacity of folding boxboard of paperboard machine BM1 in Husum is 600,000 tonnes per year. Start-up for additional capacity was in Q4 2023, and capacity is expected to be fully on the market in 2026.

    The investment will increase Metsä Board’s annual sales by approximately EUR 200 million. In addition, it is expected to have a positive impact of approximately EUR 50 million on the company’s annual comparable EBITDA. Sales growth and improved result is expected to be reached in full in 2026. 

    Part of the investment costs are transferred into 2024 investments. 

     

  8. 2021-2023

    Development programme of the Kemi paperboard mill - Completed

    The development programme for the Kemi paperboard mill included capacity expansion of white kraftliner, a purchase of a unbleached pulp production line and improved energy and water efficiency of the mill. The investment was completed in September 2023.

     

    Investment decision  New capacity  Start-up Investment value Investment period 
    Q1 2021 40,000 white-top kraftliner, mainly coated Q3 2023 EUR 110 million

    2021-ongoing

    Investment in brief

    The programme increased the mill's annual white kraftliner capacity from 425,000 tonnes to 465,000 tonnes. This will strengthen Metsä Board's global leading position as coated white kraftliner producer.  As part of the programme, the Company will buy a modernised production line for unbleached pulp, an annual capacity of 180,000 tonnes, from Metsä Fibre. The development programme will reduce Kemi mill's water use by 40% and energy use by 5% per tonne of paperboard produced.

    Start-up for additional kraftliner capacity was in Q3 2023 and capacity is expected to be fully on the market in 2025.

    Part of the investment cost transferred into 2024 investments.

  9. 2019-2022

    Renewal of the Husum pulp mill - Completed

    The first phase of the Husum pulp mill renewal included a new recovery boiler and turbine.

    Investment decision New capacity Start-up / completion Investment value Investment period
    Q2 2019 No new pulp capacity Q4 2022 EUR 380 million 2019-2023

     

    The new recovery boiler and turbine increased the
    pulp mill's electricity production, which improved the
    energy self-sufficiency of the integrated mill and brought
    Metsä Board closer to its goal of completely fossil-free
    production by 2030. The new recovery boiler and turbine reduced the energy and maintenance costs
    of the integrated mill, improved production efficiency and
    shortened the duration of annual maintenance works. The
    investment is expected to improve Metsä Board's annual cash flow by approximately EUR 35 million.