Metsä Group preparing to adjust production at Kerto and glulam mills

Metsä Group Press Release 29 August 2014


Metsä Wood, the wood products business area of Metsä Group, is beginning statutory labour negotiations in order to adjust production in response to decreased demand at its Kerto LVL mills in Punkaharju and Lohja, and at its glulam mill in Hartola. The negotiations announced today concern some 370 people in total.

The prolonged and strong decline in the construction industry continues in Finland and throughout Europe. As a result, demand for Kerto LVL and glulam products has been weaker than expected.

The statutory labour negotiations are expected to be concluded during September. The aim is to keep production curtailments to a minimum and they are planned to be implement through temporary layoffs. At the Kerto LVL mills, the curtailments are scheduled to occur mainly by the end of January 2015 and their duration is two weeks at maximum. The curtailments at the glulam production are scheduled by the end of the first quarter of 2015 and their duration is 12 weeks at maximum.


METSÄ GROUP
Group Communications

For further information, please contact:
Ari Tiukkanen, SVP, Building and Industry, Metsä Wood, tel: +358 50 598 7293


www.metsagroup.com

Metsä Group is a responsible forest industry group whose products’ main raw material is renewable and sustainably grown northern wood. Metsä Group focuses on tissue and cooking papers, consumer packaging paperboards, pulp, wood products, and wood supply and forest services. Its high-quality products combine renewable raw materials, customer-orientation, sustainable development and innovation. Metsä Group’s sales totalled EUR 4.9 billion in 2013, and it employs approximately 11,000 people. The Group operates in some 30 countries. Metsäliitto Cooperative is the parent company of Metsä Group and is owned by approximately 123,000 Finnish forest owners.

www.metsawood.com

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 2013 were EUR 897 million, and we employ about 2,500 people.

About Us

Metsä Woodwww.metsawood.com 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 2017 were EUR 0.5 billion, and we employ about 1,400 people. Metsä Wood is part of Metsä Group.

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