Moelven Announces $70 million Investment to Upgrade and Increase Capacity at Two Swedish Sawmills

Moelven Industriers ASA has announced that they will be investing more than SEK 600 million ($70 million) in modernizing and increasing capacity at two of their sawmills in the years to come. At the Moelven Edanesågen AB facility, the entire production process from timber sorting, timber intake, will include a new saw line and new dryer that will increase the mills capacity. This will be Moelven’s largest individual investment of all time, with a framework of SEK 450 million ($52.3 million). The project will be completed in the first half of 2024. At Moelven Valåsen in Karlskoga, the facility will have increased capacity, and the company is currently building a new energy center that will be put into operation towards the end of the year, representing an investment of SEK 60 million ($7 million). Now Moelven is investing an additional SEK 185 million ($21.5 million) to further develop the sawmill. This entails new investments in saw intake, raw sorting and sorting with camera technology, as well as a new saw line for small timber. When completed in 2024, efficiency and capacity at the sawmill will be significantly greater.

Commenting on the investment, CEO Morten Kristiansen said, “Moelven Valåsen is our largest sawmill measured in terms of production capacity and turnover. It was here we initiated the pilot project with increased digitalization of the production process, also known as ‘The digital sawmill.’ The investments we are now making are the continuation of making the sawmill even more efficient, sustainable and profitable.”

FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.
Original Source:
Moelven to invest more than SEK 600 million ($70 million) in its two sawmills in Sweden