Metsä Group’s sawmills in Finland to be integrated into Metsä Fibre on 1 November 2016
Metsä Group Stock exchange release 3 October 2016 at 2 pm EEST
On 29 June 2016, Metsä Group announced its plan to integrate its sawmills in Finland into the Group’s Pulp Industry Metsä Fibre through a group internal transaction. The transfer will take place on 1 November 2016. Jani Riissanen has been appointed SVP Sawmill business and a member of Metsä Fibre’s Management Group as of 1 November 2016.
The sawmills included in the transaction are Vilppula, Lappeenranta, Renko, Merikarvia, Kyrö and Eskola. These sawmills were previously part of the Group’s Wood Products Industry Metsä Wood. The transaction does have no effect on Metsä Group’s annual sales, operating result excluding non-recurring items, or balance sheet ratios. The transfer will not affect the amount of employees. Sawmills’ employees will move to Metsä Fibre’s payroll. Metsä Wood will act as Metsä Fibre’s sawn timber sales channel.
For further information, please contact:
Ilkka Hämälä, CEO, Metsä Fibre, tel. +358 10 465 5026
Juha Laine, Senior Vice President, Communications, Metsä Group, tel. +358 10 465 4541
Metsä Group is a forerunner in bioeconomy utilising renewable wood from sustainably managed northern forests. Metsä Group focuses on wood supply and forest services, wood products, pulp, fresh forest fibre paperboards and tissue and cooking papers.
Metsä Group’s sales totalled EUR 5.0 billion in 2015, and it employs approximately 9,600 people. The Group operates in some 30 countries. Metsäliitto Cooperative is the parent company of Metsä Group and owned by approximately 116,000 Finnish forest owners.