Metsä Group is planning to build a new Kerto LVL mill on its mill area in Äänekoski, Finland, with an investment of around €200m.
The final decision on the investment is pending the completion of a local detailed plan for the area.
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The new Kerto LVL mill is expected to use around 375,000m3 of log procured from Finland.
As per the plans, the production of the new mill will be mainly sold in Europe and Asia.
The lightweight, environmentally friendly Kerto LVL products help to accelerate construction, especially in industrial prefabrication, modular construction and traditional project construction, claimed the company.
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The new mill will be built in phases between 2022 and 2026, and its annual Kerto LVL production capacity is expected to be approximately 150,000m3. This means an increase of around 50% in Metsä Group’s present production of Kerto LVL.
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By GlobalDataFurthermore, the new mill will provide new direct jobs of around 140. In addition to this, it would add around 200 person-years to its direct value chain, while during the construction phase, the project is estimated to add 1,000 person-years.
Metsä Group president and CEO Ilkka Hämälä said: “We create profitable growth by processing Finnish wood, and our operations are guided by the principles of sustainability. In the next few years, we will be increasing our production of products that store carbon over a longer period of time, and the new Kerto LVL mill is the next step in this process.
“As wood is the most environmentally friendly construction material, we believe that the demand for resource-efficient and high-quality Kerto LVL will continue to be strong. Finland needs more investments and a strong belief in the future.”
Metsä Group, along with the city of Äänekoski, commenced a local planning process with the target to expand the production of mechanical wood products at the Äänekoski integrated mill.
A local detailed plan is currently under preparation for the around 150-hectare area that is located to the south of Metsä Group’s present mill site and is slated for industrial operations.
There is a local master plan for the area, most of which is owned by Metsä Fibre, a part of Metsä Group.
It is expected that the planning process would run until early next year.
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The new mill will be built in phases between 2022 and 2026. Credit: Metsä Group/Cision
