Metsä Board to close down its wallpaper base machine in Kyro
Metsä Board Corporation Investor News, 29 September 2016 at 15.00 pm EEST Metsä Board, part of Metsä Group, announced on 4 August 2016 that it was planning to close down the wallpaper base machine (PM3) located at its Kyro mill in Hämeenkyrö, Finland, and to discontinue its loss-making wallpaper base production. In 2015, sales from Kyro’s paper business totalled EUR 50 million, and the operating result was EUR -5 million. The statutory labour negotiations, which affected all of the 250 people working at the mill, have been completed. As a result, the Kyro mill wallpaper base machine