The District Court of Länsi-Uusimaa has in its ruling issued on 11 January 2023 rejected the bankruptcy application filed in November 2022 against Metsä Fibre Oy by Virtor Oy, a supplier in Metsä Fibre's Kemi bioproduct mill project.
The District Court has deemed the bankruptcy application so clearly unfounded that there have been special grounds to oblige jointly and severally both Virtor Oy and Virtor Oy’s Managing Director personally to compensate legal costs of Metsä Fibre.
Metsä Group is leading the way in advancing the bioeconomy. We invest in growth, bioproduct development and a fossil free future. The raw material for our products is renewable wood from sustainably managed northern forests. We focus on the growth sectors of the forest industry: wood supply and forest services, wood products, pulp, fresh fibre paperboards, as well as tissue and greaseproof papers.
Metsä Group’s annual sales amount to approximately EUR 6 billion, and we have around 9,500 employees in 30 countries. Our international Group has its roots in the Finnish forests: our parent company is Metsäliitto Cooperative which is owned by nearly 100,000 forest owners.
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Metsä Fibre is a leading producer of bioproducts, biochemicals and bioenergy. We are the world’s largest producer of softwood market pulp and a globally significant manufacturer of sawn timber. There is a growing demand for our high-quality products, as renewable wood provides a responsible alternative to fossil-based materials.
In 2021 our sales totalled approximately EUR 2.6 billion, and we have around 1,400 employees. Metsä Fibre is part of Metsä Group.