Stora Enso invests in cross laminated timber (CLT) production in Czech Republic
STORA ENSO OYJ INVESTOR NEWS 7 September 2020 at 9:00 EESTStora Enso has decided to invest approximately EUR 79 million in a new production line for cross laminated timber (CLT) at its Ždírec sawmill in the Czech Republic. The investment will further enhance Stora Enso’s position as a global provider of high-quality engineered wooden elements and as a market leader in CLT.Production is scheduled to begin during the third quarter of 2022. The estimated annual production capacity will be approximately 120 000 m³ after ramp-up. The investment is expected to generate annual sales of