Raute receives order of EUR 93 million to Finland
Raute Corporation, Inside Information, November 10, 2023 at 8:00 EET
RAUTE RECEIVES ORDER OF EUR 93 MILLION TO FINLAND
Raute Corporation has signed a contract worth EUR 93 million with Metsä Wood, part of Metsä Group, for the technology delivery of a new Kerto® LVL (Laminated Veneer Lumber) mill in Äänekoski, Finland. This order, being the biggest in Raute's history, is a proof of Raute's versatile expertise.
Metsä Wood is one of Europe’s leading manufacturers of engineered wood products. Metsä Wood is building a new Kerto LVL mill in Äänekoski to increase its total Kerto LVL capacity by 50 percent. The mill’s annual production capacity is approximately 160,000 cubic meters and the production is expected to start in late 2026.
The order for Raute’s technology includes all main production processes from veneer peeling to LVL pressing. The lines are a complete solution compiled of the most modern automated R7-Series technologies. All lines are equipped with analyzers for grading and MillSIGHTS software for data capturing.
The ordered machinery and equipment will be delivered between Q1/2025 and Q1/2026. They will be manufactured at Raute’s production units in Lahti and Kajaani in Finland, and in the company’s partnership network.
“By investing in the best available technology in the industry, we significantly develop Kerto LVL's production efficiency and ensure a safe and versatile work environment for our personnel. Our long-term cooperation with Raute and the development of the mill's technological solutions together offer excellent conditions to succeed in achieving these goals”, says Jaakko Anttila, Executive Vice President, Metsä Wood.
“We are excited to work with Metsä Group on this project to build a state-of-the-art LVL mill. We are integrating our most recent innovations and advanced processing solutions into our delivery. Our enduring partnership with Metsä Group lays a solid foundation for successful cooperation”, says Mika Saariaho, CEO of Raute.
Metsä Wood manufactures wood products for construction, industrial and distribution customers. Metsä Wood’s main products are Kerto® LVL, birch and spruce plywood and further processed sawn timber. Kerto LVL products, which are strong and material-efficient for the construction industry, store carbon and reduce the carbon footprint of construction. In 2022, Metsä Wood’s sales totaled approximately EUR 0.7 billion and the company employs around 1 550 persons. Metsä Wood is part of Metsä Group.
FURTHER INFORMATION:
Mr. Mika Saariaho, President and CEO, tel. +358 40 1549393
DISTRIBUTION:
Nasdaq Helsinki Ltd, main media, www.raute.com
RAUTE IN BRIEF - Making Wood Matter
Raute is the partner to future-proof the wood industry. Our technologies cover different production processes with supporting digital and analytics solutions for engineered wood products. Additionally, we offer full-scale service concept ranging from spare parts to regular maintenance and modernizations. Our innovative hardware and software solutions are designed to support our customers’ efficient consumption of natural resources. In mill-scale projects, Raute is a global market leader both in the plywood and LVL industries. Raute’s head office and main production is located in Lahti, Finland. The company’s other production plants are located in Kajaani, Finland, the Vancouver area of Canada, Changzhou, China, and in Pullman, WA, USA. Raute’s net sales in 2022 were EUR 158.3 million. The Group’s headcount at the end of 2022 was 778. More information about the company can be found at www.raute.com.