Metsä Board to apply for an environmental permit for the planned new recovery boiler at its Husum mill in Sweden
Metsä Board Corporation Investor News 27 August 2019
On 26 April2019 Metsä Board, part of Metsä Group, announced that it will launch pre-engineering for the first phase of the planned renewal of its Husum pulp mill in Sweden. The first phase of the renewal consists of a new recovery boiler and a new turbine. Metsä Board estimated earlier that the final decision on the planned investment could be made in the fourth quarter of 2019, at the earliest. The estimate was based on an assumption that the new boiler can be operated under the existing environmental permit.
The competent authority in Sweden, Länsstyrelsen, has decided that the planned new recovery boiler will require an amendment in the environmental permit. Metsä Board has readiness to apply for an amended permit immediately. Similar permit processes in Sweden have typically taken between 6 and 12 months. Based on the decision by Länsstyrelsen, Metsä Board now estimates that the final investment decision for the first phase of the renewal can be made in the second quarter of 2020, at the earliest.
METSÄ BOARD CORPORATION
For further information, please contact:
Media contacts: Olov Winblad von Walter
VP, Husum Board and Pulp Mill
tel. +46 70 317 8111
VP, Investor Relations
tel. +358 400 976 333
Metsä Board is a leading European producer of premium fresh fibre paperboards including folding boxboards, food service boards and white kraftliners. Our lightweight paperboards are developed to provide better, safer and more sustainable solutions for consumer goods 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.
The global sales network of Metsä Board supports customers worldwide, including brand owners, retailers, converters and merchants. In 2018, 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 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 2018, Metsä Group’s sales totalled EUR 5.7 billion, and it employs approximately 9,300 people. Metsäliitto Cooperative is the parent company of Metsä Group and is owned by approximately 103,000 Finnish forest owners.