Stora Enso has announced that they are making a 79 million € investment in a new production line for cross laminated timber (CLT) at their Zdirec sawmill in the Czech Republic. Production is scheduled to begin during the third quarter of 2022. The estimated annual production capacity will be approximately 120 000 m³ after ramp-up. The investment is expected to generate annual sales of approximately 70 million € when run at full capacity and to meet the Wood Products division’s profitability target of 20% operational return on operating capital (ROOC). In prepared remarks Lars Völkel, Executive Vice President, Stora Enso Wood Products division said, “This investment enables us to accelerate our growth within the mass timber construction market. It is well in line with our strategic integrated mill concept. It will further improve our capabilities to offer a high-quality range of building solutions for our customers around the world. CLT is showing significant growth potential in the market, with characteristics that make it possible to build higher, lighter and yet stronger than ever before. With our well-proven building concepts and supporting digital tools, we intend to inspire and drive the construction industry towards a more sustainable future, built on renewable materials.”
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