Metsä Board starts pre-engineering for paperboard capacity expansion
Metsä Board Corporation Investor news 22 January 2021
Metsä Board, part of Metsä Group, aims at strengthening its position as Europe’s leading producer of folding boxboard and plans to increase its production capacity.
The company has started pre-engineering for increasing the annual production capacity of folding boxboard machine BM1 at the Husum mill in Sweden by approximately 200,000 tonnes. The pre-engineering phase includes also an evaluation of the mill port’s capacity for increased volumes of raw materials and finished goods.
The planned investment would further strengthen Husum BM1’s position as the biggest folding boxboard machine in Europe. The final investment decision is subject to the results of the pre-engineering phase. The readiness to make the final investment decision is expected to be achieved in the summer of 2021 and the ramp-up of the additional capacity would start in 2023.
“We have experienced good growth in our safe and sustainable folding boxboards in recent years. The high utilization rate of our current production capacity is a limiting factor for future growth. In order to continue profitable growth together with our customers, we are now looking at a potential capacity expansion. Husum as an integrated site would be an efficient platform for further development of Metsä Board’s paperboard business,” says Mika Joukio, CEO of Metsä Board.
METSÄ BOARD CORPORATION
Further information:
Finnish and international media: Mika Joukio, CEO, tel. +358 10 465 4300
Analysts and investors: Jussi Noponen, CFO, tel. +358 10 465 4913
Swedish media: Olov Winblad von Walter, VP, Husum Board and Pulp Mill, tel. +46 70 317 81 11
Metsä Board
Metsä Board is a leading European producer of premium fresh fibre paperboards and forerunner in sustainability. We produce premium lightweight folding boxboards, food service boards and white kraftliners for consumer goods packaging as well as retail-ready and food service applications. We work together with our customers on a global scale to innovate solutions for better consumer experiences with less environmental impact. The pure fresh fibres Metsä Board uses are a renewable resource, traceable to origin in sustainably managed northern forests. We aim for completely fossil free mills and raw materials by 2030.
The global sales network of Metsä Board supports customers worldwide, including brand owners, retailers, converters and merchants. In 2019, the company’s sales totalled EUR 1.9 billion, and it has approximately 2,400 employees. Metsä Board, part of Metsä Group, is listed on the Nasdaq Helsinki.
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Metsä Group
Metsä Group is a forerunner in sustainable bioeconomy utilising renewable wood from sustainably managed northern forests. Metsä Group focuses on wood supply and forest services, wood products, pulp, fresh fibre paperboards and tissue and greaseproof papers.
In 2019, Metsä Group’s sales totalled EUR 5.5 billion, and it employs approximately 9,300 people. Metsäliitto Cooperative is the parent company of Metsä Group and is owned by approximately 100,000 Finnish forest owners.
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