Metsä Group to pay a double bonus to its owner-members for thinned wood

Metsä Group press release 26.4.2022
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Metsä Group will offer added benefits to its committed owner-members by paying a double bonus on wood purchased from thinned stands between 1 May and 31 August 2022.

“We always prioritise owner-members in our wood procurement. With the double bonus campaign, we want the good demand for wood to specifically benefit Metsä Group’s owner-members,” says Juha Jumppanen, EVP, Metsä Forest.

The double bonus will be offered to all members with the right to a bonus who sell wood from thinned stands to Metsä Group through standing sales between 1 May and 31 August. The double bonus will be paid for both log wood and pulpwood. The bonus paid per cubic metre is determined based on the volume of wood received from the owner-member in the previous four years and on the level of the agreement.

For members qualifying for the double bonus, this means an additional EUR 0.60 to EUR 2.80 per cubic metre.

“The double bonus campaign is a way to encourage our owner-members to do active wood trade with us and offer them an excellent opportunity to manage their forests,” says Jumppanen.

Thinning is a key forestry measure for producing premium log wood and increasing the share of logs.

In accordance with Metsä Group’s owner strategy, our most committed owner-members get the best member benefits. The double bonus will therefore be paid retroactively to our contract members for the price guarantee period that began at the end of 2021.

“Our contract members always get the best price for their wood, regardless of the time of sale,” Jumppanen says.

The bonus is offered to Metsäliitto Cooperative’s owner-members, who have sold at least 500 m3 of wood to Metsä Group in the last four years. Metsä Group also pays a bonus on forest management services.

For further information, please contact:
Juha Jumppanen, Executive Vice President, Metsä Forest, tel. +358 50 384 4808
Jani Riissanen, SVP, Wood Trade and Forest Services Finland, Metsä Forest, tel. +358 50 598 8714
Krista Kimmo, Communications Manager, Metsä Forest, tel. +358 50 526 4911

Metsä Group’s Wood Supply and Forest Services

Metsä Group’s Wood Supply and Forest Services, Metsä Forest, provides and develops the services offered to the members of Metsä Group's parent company, Metsäliitto. Metsäliitto Cooperative has nearly 100,000 Finnish forest owners, who own about half the private forest area in Finland. We provide our owner-members with all the forest management services required to engage in sustainable forest management and increase the value of forest assets.

We procure all the wood used by Metsä Group from sustainably managed forests in the Baltic Sea region, most of it from our owner-members in Finland. We also supply significant volumes of energy wood, bark and sawdust for further processing.

Our annual turnover is approximately EUR 2.0 billion, and we have around 840 employees.