Metsä Group begins statutory negotiations to shut down Karihaara sawmill

Metsä Group Press Release 18 June 2014


Metsä Wood, wood products business area of Metsä Group, has begun statutory negotiations to shut down the Karihaara sawmill in Finland. The negotiation proposal was issued on 18 June 2014 and the negotiations apply to the entire staff of the sawmill, a total of five people.

Production operations at the sawmill have been interrupted since May 2009 and the entire staff have been subject to a temporary layoff since June 2009. The negotiations are expected to be concluded during July, and any decisions regarding closing down the sawmill will be made during Q3 of 2014.


METSÄ GROUP
Group Communications

For further information, please contact:
Henrik Söderström, SVP, Timber and Upgrades, Metsä Wood, tel. +358 40 577 3421


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.

www.metsawood.com

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.