Metsä Group’s Wood Products Industry has divested its thermowood business
Metsä Group Press release 9 June 2016
Metsä Wood, the Wood Products Industry of Metsä Group, has divested its thermowood business to Lunawood Ltd. The thermowood production facility is located in Kaskinen, Finland.
Personnel of the thermowood business will in its entirety transfer to the new owner’s payroll.
Metsä Wood and Lunawood have made a contract for cooperation in thermowood raw material deliveries for several years. “We enter into partnerships with growing customers according to Metsä Wood’s strategy,” says Henrik Söderström, Sales Director, Metsä Wood.
The divestment does not have a material financial impact on Metsä Group.
For further information, please contact:
Henri Sederholm, CFO, Metsä Wood, tel. +358 50 568 0726
Metsä Group is a forerunner in bioeconomy utilising renewable wood from sustainably managed northern forests. Metsä Group focuses on wood supply and forest services, wood products, pulp, fresh forest fibre paperboards and tissue and cooking papers. Metsä Group’s sales totalled EUR 5.0 billion in 2015, and it employs approximately 9,600 people. The Group operates in some 30 countries. Metsäliitto Cooperative is the parent company of Metsä Group and owned by approximately 116,000 Finnish forest owners.
Metsä Wood provides competitive and environmentally friendly wood products for construction, industrial customers and distributor partners. Metsä Wood manufactures products from northern wood, a sustainable raw material of premium quality. Metsä Wood's sales in 2015 were EUR 0.9 billion, and the company employs about 2,000 people. Metsä Wood is part of Metsä Group.