Botnia pulls out the Latvian pulp mill project

Oy Metsä-Botnia Ab has proposed to the Latvian government that A/S Baltic Pulp
and the suspended pulp mill project should be discontinued. The concept of the
pulp mill planned years ago is no longer competitive. 

A/S Baltic Pulp is jointly owned by Botnia and the state of Latvia. The task of
A/S Baltic Pulp, established in 2000, was to investigate opportunities to build
in Latvia a pulp mill producing 600,000 tons and costing about EUR 900 million. 

The owners of A/S Baltic Pulp are the Latvian state (33%) and Oy Metsä-Botnia
Ab (67%). Botnia is also ready to sell its shares in A/S Baltic Pulp. 

For additional information: Director Jukka Laitinen, +358 1046 95101.

About Us

Metsä Metsä Fibre is a leading producer of bioproducts and bioenergy. The company’s pulp brand is Botnia and the sawn timber brand is Metsä Nordic Timber. The company’s bleached softwood and birch pulp grades have been developed for the production of high-quality board, tissue and printing paper and speciality products. The main applications for spruce and pine sawn timber are products for construction and interior decoration as well as window and door joinery and raw material for packaging industry. Currently employing approximately 1 200 people, the company’s sales totalled EUR 1.9 billion in 2017. Metsä Fibre is part of Metsä Group.