Metsä Wood and the town of Savonlinna signed a letter of intent agreeing on the conditions for Kerto® LVL investment in Punkaharju

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Metsä Group’s Wood Products Industry Metsä Wood and the town of Savonlinna have signed a letter of intent, agreeing on the conditions created by the town for implementing a potential mill investment. Metsä Wood is considering the construction of a new, 65,000 m3 Kerto® LVL line to its mill in Punkaharju, Finland.

According to the letter of intent, the town of Savonlinna wants to guarantee the competitiveness of the mill with investments in public real estate and infrastructure.

The final agreement on behalf of the town will be made by Savonlinna town council. Metsä Wood will also continue negotiations with the mill’s personnel and machinery manufacturers.

The value of the potential investment would be approximately EUR 52 million.

If the investment is carried out as planned, the line will start up during the first half of 2019. The new line would bring approximately 35 new jobs to Punkaharju. In addition, the new line would add some 40 person-years to the subcontractors’ chain. If the investment is carried out, it will increase demand for logs by 160,000 m3 a year.

For more information, please contact:

Esa Kaikkonen, Executive Vice President, Metsä Group
tel. +358 50 5988746, esa.kaikkonen[a]

Henni Rousu, Communications Manager, Metsä Wood
tel. +358 40 554 8388, henni.rousu[a]

Metsä Wood

Metsä Wood provides competitive and environmentally friendly wood products for construction, industrial customers and distributor partners. We manufacture products from northern wood, a sustainable raw material of premium quality. Our sales in 2016 were EUR 0.5 billion, and we employ about 1,500 people. Metsä Wood is part of Metsä Group.

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