Metsä Group to discontinue sawn timber upgrading business in Finland
Metsä Group Press Release 13 November 2014
Metsä Group's parent company Metsäliitto Cooperative agreed on 13 November 2014 on the sale of the fixed assets and real estate used by the Kaskinen upgrading unit and the remaining Metsä Wood sawn timber upgrading (impregnated wood) business in Finland to Aureskosken Jalostetehdas Oy. In connection with this, the ThermoWood operations in Kaskinen will be further integrated into Metsä Wood’s timber business. Moreover, the buyer and seller have come to an agreement on commercial cooperation in the provision of sawn timber and energy. The seven employees of Kolho will transfer to the buyer as existing employees.
The sales are estimated to be completed by the end of 2014. The sales have no impact on Metsä Wood’s upgrading units in either France or the United Kingdom, nor will it have any appreciable effect on Metsä Wood's result.
METSÄ GROUP
Group Communications
Further information:
Atte Ailio, Chief Financial Officer, Metsä Wood, Tel: +358 40 520 8196
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 paperboard, 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.
Metsä Wood provides competitive and environmentally friendly wood products for construction, industry and distributor partners. The products are manufactured from northern wood, a sustainable raw material of premium quality. Metsä Wood’s sales were EUR 897 million in 2013, and we employ approximately 2,500 people. Metsä Wood is part of Metsä Group.