When materialized, the approximately €1.1 billion investment will be the largest ever investment in the forest industry in Finland.
“Our new mill will be the most efficient and modern bio-product mill in the world," said Kari Jordan, President and CEO of Metsä Group. "The global increase in the demand for high-quality softwood pulp is the most important driver for the investment, and our aim is to strengthen our leading position in this market. The investment will support Metsä Fibre's growth and improve profitability in the long term."
"In addition to the Environmental Impact Assessment (EIA) and environmental permit processes, the development of the world economy and especially the economic development in Asia, market outlook and decisions related to for example wood supply, permits and logistics, will affect the final decision," Jordan said.
The new mill with an annual pulp production capacity of 1.3 million tonnes is planned to be operational in 2017, as the company said in a written statement.
The new mill will convert wood raw material into a diverse range of products. At the same time, the facility will produce bio-energy and various bio-materials.
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